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.