The Federal Reserve's latest Beige Book survey showed that economic activity in the United States rose slightly in November after being largely flat in previous months, and businesses were more optimistic about the outlook for demand. According to the research released on Wednesday, "economic activity as a whole grew modestly, with growth expectations rising modestly in most regions. Business liaisons are optimistic that demand will increase in the coming months. Consumer spending as a whole remains stable". The recent Beige Book report paints a bleaker picture of the economy than the official statistics, with growth near zero, hiring falling and prices rising only modestly. In many cases, this contradicts headline economic data, which show activity remains strong. The latest Beige Book showed that inflation rose only modestly, and as consumers become more price sensitive, it becomes more difficult for businesses to pass on rising costs. Hiring activity remains subdued, employee turnover is low and layoffs are limited. Business contacts said they expect employment to stabilize to moderate growth. "Wage growth moderates modestly in most jurisdictions, as do expectations for wage growth in the coming months". The Kansas City Fed compiled the Beige Book based on information collected on or before Nov. 22.