Tags: Money | Federal Reserve | Beige Book

What Is the Fed's Beige Book?

By    |   Wednesday, 01 July 2015 06:57 PM

The Federal Reserve Board of Governors publishes its "Beige Book" — a report outlining current economic conditions in each of its 12 geographic districts — eight times a year, according to its website.

The book, filled with detailed anecdotal information from each Federal Reserve Bank compiled by its bank and branch directors, comes out in January, March, April, June, July, September, October and December. It contains interviews with a host of experts in business, economics and market research. Their input helps to summarize and paint a picture of what is occurring economically throughout the nation.

Watch Now: Steve Forbes Slams the Fed in This Video

It is reviewed by the Federal Open Market Committee to assist in its decision-making and combined with information from recent economic indicators, TheStreet reported.

The most recent "Beige Book" highlighted regional issues that affect the economy, The Wall Street Journal reported. Among them cold and snowy weather in the Northeast, lowered energy prices in the Philadelphia area, increased employee turnover at retailers in Maryland as well as oil-field layoffs near Dallas.

The report cited a modest expansion of the economy from February and March as cheaper gas fueled more retail buying and heightened tourism in some areas, the Journal said.

The real estate market also tightened in several reporting districts, USA Today noted, with historic home inventory lows reported in Chicago. New York City posted the only softening real estate market.

Bad news came from agricultural markets, according to the most recent Beige Book, USA Today added. It also said that the Fed was closely monitoring wages, which continue to remain low.

Skilled worker shortages were reported in Richmond, Atlanta, St. Louis, Kansas City and Dallas, USA Today said, noting that conditions in energy markets across the nation were declining.

New Threat: Glaziev Directive Could Instantly 'Reset' the Value of the Dollar, Destroy Wealth (See Proof)

© 2020 Newsmax. All rights reserved.


   
1Like our page
2Share
Money-Wire
The Federal Reserve Board of Governors publishes its Beige Book - a report outlining current economic conditions in each of its 12 geographic districts - eight times a year, according to its website.
Federal Reserve, Beige Book
313
2015-57-01
Wednesday, 01 July 2015 06:57 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved