January 18, 2022

Politics and Commentary News Aggregator

Fed Says Economic Growth Modest to Moderate, Supply Constrained

1 min read

Select Regional Bank Comments

“Retailers and manufacturers posted moderate to steep price increases amid ongoing supply disruptions. The outlook was cautiously optimistic.” – Boston

“Employment and wages increased. Businesses reported ongoing widespread escalation in both input costs and selling prices.” – New York

“Fear and uncertainty of the Delta variant continued to constrain growth, but contacts were most worried by ongoing labor shortages and supply chain disruptions.” – Philadelphia

“While demand was still solid, supply chain disruptions tempered the pace of sales and output growth. The expiration of supplemental unemployment insurance benefits and a return to school did little to alleviate worker shortages, and wages continued to rise.” – Cleveland

“Employers across sectors had difficulties finding and keeping workers, which led to offering higher wages and bonuses to recruit and retain staff.” – Richmond

“Ongoing growth in manufacturing alongside renewed growth in the energy sector supported the regional economy.” – Kansas City

“The District economy expanded at a solid rate, with broad-based growth across sectors. Covid-19 and labor and supply-chain constraints remained headwinds.” – Dallas

Reade Pickert
2021-10-20 14:18:15

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