Fed: U.S. Economy Growing at Modest Pace

The Beige Book reports modest economic growth and job increases, with tight labor markets potentially leading to future wage and inflation pressures. Loan demand is moderately up, indicating confidence in borrowing. The report does not strongly suggest a need for a rate hike at the upcoming Fed meeting, but it maintains the current economic course. Inflation signs are slight, with labor market conditions expected to influence future pressures.

What term did the Fed use to describe the current economic growth?

• Declining

• Modest

• Stagnant

• Rapid

What is the current state of the labor market according to the Beige Book?

• Stable

• Declining

• Overstaffed

• Tight

How did the Fed describe the current loan demand?

• Decreasing

• Stable

• Rapidly increasing

• Moderately increasing

What is the significance of the Beige Book as the Fed meeting approaches?

• It strongly suggests a rate hike

• It gains importance but does not strongly advocate for a rate hike

• It is irrelevant to the meeting

• It suggests a decrease in rates

What does the Beige Book report about current price pressures?

• They are rapidly increasing

• They are slightly growing

• They are decreasing

• They are stable