US Fed beige Book:Wage increases remained modest in most Fed districts

US FED Beige Book release on 30.05.2018

• Consumer spending was soft
• Non-auto retail sales growth moderated somewhat and auto sales were flat
•  Manufacturing shifted into higher gear with more than half of districts reporting pickup in industrial activity and a third classifying activity as strong
• Prices rose moderately in most Districts, while the remainder reported slight or modest increases.
• Firms reported difficulty finding workers
• Employment rose at modest to moderate rate across most districts
• Contacts noted some concern about the uncertainty of international trade policy
• Here’s the link

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

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