The regional fed banks said companies in their district had trouble filling low in retail and construction and also hire skilled jobs in engineering, accounting and information technology. Wage growth remains the big question mark given the fact increase ad an an increase in Hourly Earnings per at which pressures were stronger in new york, st. Louis, minneapolis and san francisco. In the industries where labor is tightest, kansas city and st. The fed beige book is about anecdotal information. It is highly anecdotal, which is why the fed leads us grasping at words such as modest and moderate. Donterical terms come we know what that means. That is the point behind this report. The few gaps here and there, the anecdotes signaled that the domestic economy is gaining strength. Improving. We see that in prices and wages and Economic Growth. It is only the domestic picture it does not say anything about what is happening outside the country. The external risks the fed has highlighted. That is
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