Dollar little changed after the Beige Book

Only a few pips here or there so far.Wage pressures modest Employment growth modestLabor market tight.Those are some of the major headlines. The report did harp on tighter labor and hinted of some wage pressure (i.e. growing use of sign on bonuses to attract workers and shortages restraining growth, and scarcity of workers in building, transport, […]

Beige Book: Economy expanded at modest-to-moderate pace

Highlights from the Fed’s Beige Book released Oct 18, 2017: Modest-to-moderate pace is the same as the prior Beige Book Economy advanced amid ‘widespread labor tightness’ Wage pressures modest to moderate despite tight labor market Retail spending rose slowly Price pressures remain modest Home sales constrained by low inventory, construction improved Labor shortages restraining growth […]