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Financial News: Fed's Beige Book: Tight Labor Market, Low Inflation

Fed's Beige Book: Tight Labor Market, Low Inflation

10/18/2017 - 14:44:00 (RTTNews)

(RTTNews) - The Federal Reserve in its Beige Book on Wednesday reported few signs of an uptick in inflation

Reports from all 12 Federal Reserve Districts indicated that economic activity increased in September through early October, with the pace of growth split between modest and moderate.

The Richmond, Atlanta, and Dallas Districts reported major disruptions from Hurricanes Harvey and Irma in some areas and sectors, including transportation, energy, and agriculture. Manufacturing activity and nonfinancial services expanded modestly to moderately in most Districts.

All district said companies "were having difficulty finding qualified workers."

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