Beige Book: several districts report increasing wage pressures

Market news

3 September 2015

Beige Book: several districts report increasing wage pressures

The Federal Reserve released its Beige Book on Wednesday. The Fed said that several districts "reported increasing wage pressures caused by labour market tightening".

Wage pressure could give Fed officials more confidence to start raising its interest rates.

According to the report, 11 of 12 districts reported moderate to modest growth. One district reported a slight growth.

Manufacturing activity was mostly positive.

United Kingdom: Purchasing Manager Index Services, August 55.6 (forecast 57.6)

Iran’s Oil Minister Bijan Namdar Zanganeh: most OPEC members would like to see oil prices at $70 to $80 a barrel

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