Beige Book


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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
FOMC's Beige Book preview: the anecdotal report is expected to reiterate the economy grew moderately through August.
FOMC's Beige Book preview:
The Fed report, known as the beige book, said that tariffs imposed on imports, higher shipping costs and rising wages had all contributed to some increase in input costs.
Fed sees moderate growth
A term previously relegated to the dating world, in which a person "disappears" from a relationship, ghosting now describes "a situation in which a worker stops coming to work without notice and then is impossible to contact," according to the Beige Book from the Federal Reserve Bank.
WHEN YOUR EMPLOYEES GHOST YOU
Economic conditions have improved slightly this fall in the Federal Reserve's 8th District, which includes Arkansas, according to the periodical Beige Book released in November.
St. Louis Fed: Construction, Real Estate Indicators Mixed
In its periodic "Beige Book" summary of contacts with businesses in its 12 regional districts, the U.S.
US Factories Shift Into 'Higher Gear' Despite Trade Worries: Fed
It granted temporary exemptions to the European Union, Canada and Mexico but that reprieve is scheduled to end Friday.<br />The Fed survey, known as the beige book, found that among the manufacturing sectors reporting new strength were fabricated metals, heavy industrial machinery and electronics equipment.
Fed finds nationwide pickup in manufacturing activity
Federal Reserve's Beige Book, the BMO Blue Book combines the insights of BMO's economists with information on current national and provincial business conditions provided to BMO's commercial bankers by local business people.
Central Canada to see continued steady growth
The release of the Fed's Beige Book ahead of the next Federal Open Market Committee (FOMC) meeting did not deliver much surprising detail about the US economy.
USA: The Fed's Beige Book does not change the inflation outlook
The so-called beige book, which surveys anecdotal reports in the 12 Federal Reserve districts, also reported US companies and the state combined had hired 222,000 new employees in June -- significantly more than economists had predicted.
US economy grows moderately but wage growth disappoints
'[The] Philippine market closed higher as the probability of a June rate hike is now below 50 percent and with new information on the latest release of the Beige Book,' said Luis Gerardo Limlingan, managing director at Regina Capital Development.
Stocks close higher as fears of further US rate hikes ease
Commercial and multifamily real estate activity generally improved since early January, the Federal Reserve reported in its Beige Book.
Federal Reserve: commercial real estate activity improves slightly
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