AFP, WASHINGTONThe US economy continues to expand nationwide with only slight upward price pressures despite reports of tightening labor markets and higher wages, a US Federal Reserve Beige Book survey said on Wednesday. A key factor policymakers are watching are signs of inflation, including rising wages. The Fed report said that employment had continued to expand and seven districts saw signs of tighter labor conditions, including reports from staffing agencies of rising wages and difficulty filling positions. Even so, “as in the past four Beige Books, wage growth was characterized generally as modest,” it said. In addition, there was only “slight price growth” reported, as three districts saw modest prices increases, while in the others the rise was described as slight or limited.

Source: Taipei Times December 01, 2016 16:04 UTC