JUST IN: FED Published Beige Book Report – Here is its Content

FED shared the Beige Book document, which is important because it provides information about the US economy, with investors.

• Mixed data on loan demand was seen in Fed regions.
• Employment growth weakened across the country.
• Nearly all regions expressed the expectation that business wage growth would generally slow in the near term.
• Economic growth remained moderate in July and August.
• Some federal districts have seen consumers deplete their savings and turn to debt.
• Most regions said price growth had slowed overall.
• “The second half of the year will be different,” many people said when describing the wage increase.

*This is not investment advice.