Beige Book indicator - Singapore Forex Trading, Singapore Forex Academy, Singapore Forex Association

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Beige Book indicator

Definition: Each Federal Reserve Bank gathers anecdotal information on current
economic conditions in its District through reports from Bank and Branch directors
and interviews with key businessmen, economists, market experts, and other
sources. The Beige Book summarizes this information by District and sector.

Importance: The Fed uses this report, along with other indicators, to determine
interest rate policy at FOMC meetings. These meetings are held two weeks after
the Beige Book's release.

If the Beige Book portrays inflationary pressure, the Fed may raise interest rates.
Conversely, if the Beige Book portrays recessionary conditions, the Fed may lower
interest rates.

Source: Federal Reserve Board.

Availability: It is released at 2:00pm ET on the Wednesday less than two weeks
prior to an FOMC meeting.

Frequency: Eight times a year.

Revisions: The data are not revised.

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