The Federal Reserve's Beige Book reported slight labor market growth in a still moderating US economy. But what exactly is the Beige Book?

Yahoo Finance anchor Madison Mills joins Wealth to explain the economic data reported across the United States's 12 Fed districts — labor data, prices and inflation, and housing — while including cases of anecdotal evidence.

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Luke Carberry Mogan.