All districts saw activity expanding at a to....>

FED: All districts saw activity expanding at a modest to moderate pace, 

pace, the Beige Book said Wednesday.

- Prices increased in all districts, generally moderately. Noted price 

increases in steel, blding materials, transpo. Mfg, IT, transpo, 

construction able to pass thru costs.

- Concerns in mfg, agriculture, and transpo of new and proposed tariffs.

- Empl growth modest to moderate in most districts, as tight labor mkt 

restrain job gains in some regions. Most districts report wage growth 

only modest.

- Res construction, real estate, and loan demand expanded, but low home 

inv constraints in several districts.

- Consumer spending rose in most districts, driven by nonauto retail and 

tourism. Vehicle sales were mixed.