Beige Book "Modest To Moderate" In Its Boredom, Bashes Obamacare
Living up to its name once again, there is little here to raise any flags...
- *FED SAW `MODEST TO MODERATE' GROWTH WITH STRONGER MANUFACTURING
- *FED SAYS `HIRING SHOWED A MODEST INCREASE OR WAS UNCHANGED'
- *FED SAYS CONSUMER SPENDNG ROSE `AT A MODEST TO MODERATE PACE'
- *FED SAYS SALES OF NEW AUTOS WERE `MODERATE TO STRONG'
...Contacts in many Districts voiced concern about future cost increases attributable to the Affordable Care Act and other types of federal regulation....Contacts across many Districts continue to voice concerns about future cost increases attributable to the Affordable Care Act and other types of federal regulation....One contact says the Affordable Care Act is significantly increasing health care costs for his firm....In regard to hiring and capital expenditure plans, firms continued to expand cautiously, as they face ongoing uncertainty from federal fiscal debates and implementation of the Affordable Care Act....Wage pressures were up slightly. Non-wage labor costs were steady, though a number of contacts reported higher health insurance premiums because of regulatory changes in the Affordable Care Act.
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