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Fed's Beige Book: Overall economic activity increased slightly since late May
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The Beige Book is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts. It characterizes regional economic conditions and prospects based on a variety of mostly qualitative information, gathered directly from each District’s sources. Reports are published eight times per year. What is the purpose of the Beige Book? The Beige Book is intended to characterize the change in economic conditions since the last report. Outreach for the Beige Book is one of many ways the Federal Reserve System engages with businesses and other organizations about economic developments in their communities. Because this information is collected from a wide range of contacts through a variety of formal and informal methods, the Beige Book can complement other forms of regional information gathering. The Beige Book is not a commentary on the views of Federal Reserve officials. How is the information collected? Each Federal Reserve Bank gathers information on current economic conditions in its District through reports from Bank and Branch directors, plus interviews and online questionnaires completed by businesses, community organizations, economists, market experts, and other sources. Contacts are not selected at random; rather, Banks strive to curate a diverse set of sources that can provide accurate and objective information about a broad range of economic activities. The Beige Book serves as a regular summary of this information for th post at 2:02pm: FED'S BEIGE BOOK: OVERALL ECONOMIC ACTIVITY'INCREASED SLIGHTLY;' CONSUMER SPENDING MIXED; TWO DISTRICT BANKS REPORTS SLIGHT, MODEST DECLINES #FederalReserve #Beige_book #economy post at 2:03pm: FED BEIGE BOOK: EMPLOYMENT INCREASED MODESTLY THIS PERIOD, WITH MOST DISTRICTS EXPERIENCING SOME JOB GROWTH AND LABOR DEMAND REMAINED HEALTHY. post at 2:02pm: FED BEIGE BOOK: OVERALL ECONOMIC EXPECTATIONS FOR THE COMING MONTHS GENERALLY CONTINUED TO CALL FOR SLOW GROWTH. post at 2:02pm: FED BEIGE BOOK: EMPLOYERS REPORTED CONTINUED DIFFICULTY FINDING WORKERS.
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- Posted: Jul 12, 2023 4:16pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,023
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