Highlights of the Fed’s anecdotal survey of economic conditions:
– US economy grew at ‘modest pace’
– Data collected before Nov 25
– Wage pressures "generally stable to increasing"
The headline might not be what it seems. " Many Districts indicated that increased hiring was driven by temporary and entry-level positions that were being fulfilled by staffing firms," is what the Beige Book said.
Fed’s Beige Book: ‘Many’ districts said hiring pickup led by temp agencies
ByAdam Button
Dec 2, 2015