Feds Beige Book Reports ÷Modest to Moderate Growth

The transcript provides an analysis of the US and global economic conditions based on the latest Beige Book report. It highlights modest to moderate economic growth across Federal Reserve districts, with mixed results in consumer spending, retail, tourism, and services. Manufacturing and construction sectors show positive trends, while agriculture and energy production remain stable. The job market faces challenges in finding qualified workers, with modest wage growth and specific upward pressures in skilled labor and construction. Overall, the report indicates no major changes in the economic outlook.

What was the overall characterization of wage growth in the districts?

What does the Beige Book indicate about the state of the economy overall?