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 does the Fed report about loan demand in the latest Beige Book?

What is the significance of the Beige Book in relation to the upcoming Fed meeting?