Growth Still `Moder­ate’ or `Mod­est;’ Op­ti­mism Wanes

The Bond Buyer - - Market News -

Most Fed­eral Re­serve dis­tricts re­ported mod­est or moder­ate eco­nomic growth in re­cent weeks, though four re­gions said growth had slowed or was “slight,” a sur­vey from the U.S. cen­tral bank showed.

“Most Dis­tricts re­ported that firms re­mained pos­i­tive; how­ever, op­ti­mism has waned in some as con­tacts cited in­creased un­cer­tainty from im­pacts of tar­iffs, ris­ing in­ter­est rates, and la­bor mar­ket con­straints,” ac­cord­ing to the re­port, re­leased Wed­nes­day in Wash­ing­ton.

The cen­tral bank’s Beige Book eco­nomic re­port, based on anec­do­tal in­for­ma­tion col­lected by the 12 re­gional Fed banks through Nov. 26, said la­bor mar­kets fur­ther tight­ened.

“Over half of the Dis­tricts cited firms for which em­ploy­ment, pro­duc­tion, and some­times ca­pac­ity ex­pan­sion had been con­strained by an in­abil­ity to at­tract and re­tain qual­i­fied work­ers,” the re­port said.

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