Fed Beige Book Report Shows Economic Growth Cooling

The transcript discusses the current economic climate, highlighting slight to moderate growth and a persistent worker shortage. It examines the labor market's tightness, with companies offering incentives to retain workers, and anticipates wage increases. The global economic outlook is also addressed, with central banks like the Fed and ECB adopting cautious approaches due to slowing growth.

What does the term 'new normal' refer to in the context of economic growth?

In what ways are companies trying to retain workers amid the labor shortage?

What factors are contributing to the current worker shortage?

How has the average hourly earnings trend changed over the past decade?

What are the implications of the Fed downgrading its growth outlook?