Fed Beige Book Survey Shows U.S. Growth Steady

The Federal Reserve reports steady economic growth despite a tight labor market and trade concerns. Most Fed districts noted modest to moderate growth, with firms facing rising material and shipping costs. Uncertainties in trade and labor shortages persist, impacting firms' operations. The labor market shows stress, with full employment near but not affecting wage growth significantly. Data was collected before a market sell-off, which may alter perspectives.

What has been the general trend in economic growth according to the Federal Reserve?

• Explosive growth with no challenges

• Steady growth amid challenges

• Rapid and unstable growth

• Declining growth due to labor shortages

What are some of the challenges firms are facing according to the Fed?

• Decreasing material costs

• Stable trade environment

• Rising shipping costs

• Abundant qualified workers

How has the tone on the economy changed over the last few months?

• It has fluctuated significantly

• It has become more pessimistic

• It has remained largely unchanged

• It has become more optimistic

What was the state of the labor market as of the last report?

• There was a decrease in employment

• There was no stress on the labor market

• Full employment was nearly reached

• There was a significant increase in wage growth

When was the data collected in relation to the equity sell-off?

• Before the sell-off

• During the sell-off

• Unrelated to the sell-off

• After the sell-off