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Beige Book |
Also found in: Wikipedia | 0.07 sec. |
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Beige Book A report issued by the Federal Reserve Board two weeks before each FOMC meeting. The report contains anecdotal information on the state of the market and the broader economy in each region of the United States. The Beige Book is compiled from interviews with key market players including Federal Reserve Branch presidents. The Beige Book is considered a window into what the upper managers of the Federal Reserve are thinking, and, as such, it fuels speculation on what the FOMC will decide to do when it meets. The Beige Book may be designed to reduce shock (and the potential for panic) in the market after the Federal Reserve actually announces its decisions. Beige Book. Beige book is the colloquial name for the Federal report that is formally titled Summary of Commentary on Current Economic Conditions by Federal Reserve District. The beige book is prepared eight times per year by the Federal Reserve Board, in preparation for the Federal Open Market Committee (FOMC) meetings, at which its members discuss the state of the economy and determine whether any changes ought to be made to the discount rate and whether the money supply should be tightened or loosened. The report is based on information provided by each Federal Reserve Bank on its particular district and includes opinion and analysis from economists, bank directors, business people, and other market experts in each district. Economic forecasters use the beige book to predict whether and how the Fed will act after the FOMC meeting. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The Federal Reserve's Beige Book says farmers in most districts are upbeat because of weather and good prices. The new Beige Book Report, a regularly released anecdotal report prepared by the Federal Reserve and named for the color of its cover, also revealed that the wage and price pressures were mixed. The Federal Reserve Board announced on November 21, 2003, that it would release the November Beige Book on Wednesday, November 26, 2003, at noon EST because of the early closure of some financial markets. |
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