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BULLET: FED BEIGE BOOK: Overall growth 'modest to moderate,'.>

FED BEIGE BOOK: Overall growth 'modest to moderate,' a slight downgrade 
from last Beige Book. Firms reported rising input and shipping costs due 
in part to tariffs; some are reorganizing supply chains to fill gaps 
created by tariffs. Retailers and wholesalers are worried over 
impending cost increases in the near term due to tariffs. Labor 
shortages have led to some wage increases but wage growth still modest 
or moderate with the outlook unchanged. Dallas saw robust growth driven 
by manufacturing, while NY and St. Louis saw slight growth.  

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