Fed Beige Book Shows Most Districts With Little to No Growth

This Beige book released just today is overall more negative than everything that we saw in July. Most of the 12 Federal Reserve districts reported little or no change in economic activity overall. Most notably, real wage growth seems to be dismal, and it's weighing on consumer spending and consumer activity.Focusing on those wages and the labor market that's producing those wages. 11 of the 12 Federal Reserve districts describe little or no net change in overall employment levels, corroborating basically w ...