Fed Beige Book preview: the Fed's anecdotal report of regional conditions
Fed Beige Book preview: the Fed's anecdotal report of regional conditions should again reiterate moderate to modest growth in the economy, as has been the general characterization for some time. There was mention of the disruptions from the hurricanes in the October release, and there's likely to be some further comment here, though will be more reflective of the subsequent rebound in various sectors. Look for further indications of the gains in the labor market, though with still modest wage increases. Scarcity of labor was magnified a bit too, by the hurricanes. Price pressures should be seen as still moderate too, with little pass through of rising input prices into final prices.