Economy expanded at modest to moderate pace in January February
- Economy expanded it must moderate pace in January – February
- Employment grew up moderate pace, worker demand brisk
- A few districts saw modest wage increases after tax cuts
- Wage growth picked up to moderate pace in many districts
- Contacts across US saw persistent labor market tightness
- Prices increased in all districts
- 4 districts all marked increase in steel prices
- Consumer spending mixed, auto sales fell or were flat
- Production increases broad-based across manufacturing
The Fed's beige book was produced by the San Francisco Fed from data collected on or before February 26, 2018
The full 32 page report can be read HERE.
