The Fed's Beige Book says the economy is growing "moderately...

The Fed's Beige Book says the economy is growing "moderately to moderately", and wage pressures are increasing

$S&P 500 Index(.SPX.US)$ $Invesco QQQ Trust(QQQ.US)$ $SPDR Dow Jones Industrial Average Trust(DIA.US)$ The Fed stated in its latest economic report compilation Beige Book that U.S. employers reported substantial increases in prices and wages, even though the U.S. economy slowed to a "moderate to moderate" pace in September and early October. This summary of information from the Federal Reserve Bank of 12 regions shows that "Overall, the outlook for economic activity in the near term is still optimistic, but some regions have found that compared with the previous months, uncertainty has increased and optimism has become more cautious. "This Beige Book is part of a series of briefings prepared by Fed policymakers before the November 2-3 meeting.

Article excerpted from Reuters Financial Morning Post