Fed Beige Book Report Shows Growth in Almost All Districts

The Beige Book reports moderate economic growth in 11 out of 12 districts, with Dallas showing robust growth. Price growth is modest to moderate, with some regions able to increase selling prices. Retail sales and online shopping exceeded expectations, while wage growth remains an issue despite a tight job market. Some districts foresee wage increases, and the Fed plans three rate hikes. Overall, the economic outlook is positive.

Which district reported robust growth according to the Federal Reserve's Beige Book?

• New York

• Dallas

• San Francisco

• Chicago

What was a notable trend in retail sales according to the report?

• Retail sales were lower than expected

• Retail sales remained unchanged

• Retail sales were higher than expected

• Retail sales decreased significantly

What challenge did a Boston factory face despite the tight job market?

• Excessive wage demands

• Difficulty in finding skilled labor

• Lack of raw materials

• Overproduction

What is the Federal Reserve's plan regarding interest rates?

• No changes in interest rates

• One rate hike

• Two rate hikes

• Three rate hikes

What is the potential positive outlook for wages in the future?

• Wages are expected to increase across more industries

• Wages are expected to increase only in the tech industry

• Wages are expected to decrease

• Wages are expected to remain stagnant