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.

What positive trend regarding wages was noted in the districts?

What are the expected actions of the Fed regarding rate hikes?