WASHINGTON--A tightening labor market pushed up workers' wages in pockets of the U.S. this summer, the Federal Reserve said Wednesday, but slowing growth in Asia threatened to hit American factories.

The Fed's beige book survey portrayed the U.S. economy overall as continuing to expand at a moderate or modest pace in July through mid-August. It suggested certain areas of the economy are relatively strong, including the jobs market, the housing market and construction. But it also pointed to growing obstacles, such as the strong dollar and slowing growth in China.

(END) Dow Jones Newswires

September 02, 2015 14:21 ET (18:21 GMT)