Fed Beige Book: US growth steady, business more upbeat

WASHINGTON, D.C.: The US economy is growing steadily with little sign of change of pace, but businesses are generally more optimistic about the future, according to the Federal Reserve’s newest Beige Book report on Wednesday (Thursday in Manila).

The survey of regional economies reiterated the “modest to moderate” description of activity of the past half-year, but noted that in a number of regions, there are some signs of tightening in the labor market, with companies having trouble filling skilled positions.