Beige Book: Most of country still seeing growth

|By:, SA News Editor

Seven of 12 districts reported either moderate or modest growth in the survey period (early October until mid-November), according to the Fed's Beige Book.

Three other districts reported just slight growth, while things flattened out in the NY district.

The report also finds labor markets continuing to tighten in most districts, with staffing services having difficulty finding workers with wage increases.

Price pressures overall are seen as modest.

The FOMC's next meeting is Dec. 13-14, and the central bank is universally expected to hike 25 basis points.