Bankers report that district ranchers appear to have stopped reducing their cattle herds, and some are making plans to expand. Wages and Prices Labor markets remained tight last month in much of the district, although there was less evidence of wage pressures than in recent months. Some manufacturers report skilled workers were in short supply, and some retailers say qualified salespeople were hard to find. Fewer companies than in previous months, however, report they raised wages to attract or retain workers. Prices held steady at the retail level and for most manufacturing and construction materials.
Retailers expect no major price changes in coming months.
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