Modest expansion was reported by most of the 12 Federal Reserve Districts, according to the latest beige Book report, released Wednesday.
"Business contacts in Cleveland reported a steady level of activity, while Minneapolis reported that activity increased at a moderate pace," according to the report.
Labor market conditions were steady, with employment growing modestly and wage pressures still "modest to moderate."
Price pressures were termed "slight."
Although consumer spending was positive for the most part, some signs of softening were seen.
"Manufacturing activity was mixed but generally improved across Districts," the report noted.
"The outlook was generally positive across broad segments of the economy including retail sales, manufacturing, and real estate," the report said. "Districts reporting on overall growth expect it to remain modest."
