Market Weekly: Jan 15 Jan 19 2018


The economy continued to expand at a “modest to moderate” rate, according to the latest Fed Beige Book. That holds true for 11 districts, while Dallas saw a “robust increase.”
Employment was up at a modest pace with most districts noting ongoing market tightness and challenges finding qualified workers. Some districts say firms expect wages to increase in months ahead.

Inflation also sees “modest to moderate” growth. Several districts reported increases in manufacturing, construction or transportation input costs. Most of the country saw rising home prices.

Non-auto retail sales were up in most districts, with auto sales mixed. Some retailers noted holiday sales higher than expected.

Housing sales were constrained somewhat by limited inventory. Most manufacturers noted modest growth in overall conditions.