Welcome to The Great Resets. I'm your host, Sean Morgan from the Sean Morgan Report.com.

And I'm here with John Person, the co-founder of J-person Asset Management and Investment Fund.

He is a 40-year trading professional.

So, John, thanks for joining me again.

And you sent me the Fed-Bage book before the show.

What were some of the themes that you noticed

as these 12 different regional people in the Fed were analyzing the economy?

Sure. Thanks, Sean. The Federal Reserve comes out. The beige book is something that's

everyone may hear about, but in this particular week, it didn't get a

lot of traction. Too much headline news out there, again, with the war in Israel. And again,

Congress not having a speaker. In the United States, we have 12 different districts of financial,

well, districts of the Federal Reserve,

and banks, Chicago, New York, San Francisco, Kansas City, different districts report what their

business economic conditions are like. And then two weeks later, that report is what they

kind of assess what to do with setting interest rate policies. And the common theme was that

the Federal Reserve and a lot of different districts saw that higher energy prices were a taxing

effect on consumers in the month of September. Wages while going up,

there would seem to be a common theme that the availability of workers have been increasing

versus a tightening of labor. So that would lead to perhaps a theme down the road that there might be more wiggle room for the unemployment to rise.

So if companies say I can get more people and now I can lower wages because it's a little bit more competitive,

then that would also translate into possibly signs that inflation is

abating. And that's the key theme of what everyone wants to know. What's the cost of doing business?

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