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Federal Reserve: What’s the Status of the Economy?

first_img Share Save  Print This Post Federal Reserve: What’s the Status of the Economy? in Daily Dose, Featured, Headlines Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Beige Book HOUSING mortgage Home / Daily Dose / Federal Reserve: What’s the Status of the Economy? Previous: Wells Fargo CEO: I Never Lied to Investors Next: ARMS Vs. FRMS—Which Loan Comes Out on Top? Beige Book HOUSING mortgage 2017-10-18 Nicole Casperson Servicers Navigate the Post-Pandemic World 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] The Federal Reserve District released its September 2017 Beige Book Wednesday, which reports the Fed’s economic outlook based on information collected before October 6, 2017.Overall, the Fed reports from all 12 Federal Reserve Districts that economic activity increased in September through early October—noting the pace of growth was “split between modest and moderate.”According to the report, although low home inventory levels continued to constrain residential sales in many areas, residential construction continued to increase. Meanwhile, growth in commercial construction was up slightly on balance. Additionally, nonresidential real estate activity increased slightly overall, and loan demand was generally stable to modestly higher.Employment growth was modest on balance, with most Districts reporting “flat to moderate increases.” In addition, labor markets were widely described as “tight.”Specifically, the report noted that many Districts struggled to find qualified workers particularly in construction—and these shortages were also restraining business growth. Firms in several districts reported that scarcity of labor, especially related to construction, would be exacerbated by hurricane recovery efforts.Despite widespread labor tightness, the majority of districts reported only “modest to moderate” wage pressures. However, some Districts reported stronger wage pressures in certain sectors, including transportation and construction. Growing use of sign-on bonuses, overtime, and other nonwage efforts to attract and retain workers was also reported.By enabling the comparison of economic conditions in different regions, the Federal Reserve District can create an outlook for the national economy, creating an opportunity to characterize dynamics and identify emerging trends that aren’t readily apparent.To view the full report, click here.center_img About Author: Nicole Casperson The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago October 18, 2017 1,072 Views Related Articles The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Subscribelast_img

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