Significance of the FED Beige Book

September 8, 2016 10:06AM CDT

The Fed’s Beige Book is more formally called the Summary of Commentary on Current Economic Conditions! This report is published by the United States Federal Reserve Board eight times a year.It is called “Beige Book” because the cover of the report is beige!The report precedes the meetings of the Federal Open Market Committee .It  states anecdotal information on current economic conditions by each Federal Reserve Bank in its district from bank and bank directors.In addition,it includes interviews with key business contacts,economists and market experts.

In 1985, the Beige Book began its climb as an important economic indicator.The most recent report on September 7,2016,suggested that national economic activity is continuing to expand at a modest pace.The Beige Book summarized information by district and sector. The categories that were analyzed from each of the twelve Federal Reserve Districts were: Consumer spending and Tourism,Nonfinancial Services,Manufacturing, Real Estate and Construction,Banking and Finance,Agriculture and Natural Resources, Employment,Wages and Price Infllation.

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