For the Federal Reserve, really only two things matter right now: wages and inflation. On Wednesday, the latest Beige Book report from the Fed crossed the tape and showed that the labor market remains tight, wage growth continues to point north, and inflation pressures remain modest. Here’s the full rundown from the Fed (emphasis and extra spacing added): “Employment expanded at moderate pace since the previous report. Conditions in the labor market remained tight in the Boston, Chicago, New York, San Francisco, St. Louis, and Minneapolis districts. In Boston, contacts reported an unusually high number of job openings, and in the Richmond District turnover rates increased for entry-level positions. “Employment gains were only modest in Cleveland, and contacts in Philadelphia reported an increase in part-time employees and longer workweeks along with a reduction in full-time hires. In many districts, businesses reported trouble filling job vacancies for high-skilled positions, especially those aimed at technology specialists, engineers, and selected construction workers. Overall, employment declined in the carbon extraction industry; however, contacts in the Atlanta District reported an uptick in hiring at petrochemical refining companies. “Wage growth ranged from flat to strong across the districts, but most reported that wage pressures remained fairly… Read full this story
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Here’s what the Fed’s latest report had to say about the only 2 things that matter have 299 words, post on www.businessinsider.sg at September 7, 2016. This is cached page on Konitono Deal. If you want remove this page, please contact us.