Federal Reserve Beige Book
The Federal Reserve Beige Book is a report published eight times a year by the Federal Reserve Board of Governors. The report provides a summary of economic conditions in each of the twelve Federal Reserve Districts. The Beige Book is used by the Federal Open Market Committee (FOMC) to inform its decisions on monetary policy. The Beige Book is also used by economists, investors, and other market participants to gain insight into the current state of the economy.
History of the Federal Reserve Beige Book
The Federal Reserve Beige Book was first published in 1985. It was created to provide the FOMC with a more comprehensive view of the economy than was available from the national economic data. The Beige Book is compiled from reports submitted by the twelve Federal Reserve Districts. Each report is based on information collected from business contacts, economists, market experts, and other sources.
The Beige Book is published two weeks before each FOMC meeting. The report is divided into sections that cover each of the twelve Federal Reserve Districts. Each section includes information on economic activity, employment, wages, prices, and other indicators. The report also includes a summary of the overall economic conditions in the United States.
Table of Comparisons
| District | GDP Growth | Unemployment Rate |
|---|---|---|
| Boston | 2.2% | 3.7% |
| New York | 2.3% | 3.9% |
| Philadelphia | 2.4% | 4.1% |
| Cleveland | 2.5% | 4.3% |
| Richmond | 2.6% | 4.5% |
| Atlanta | 2.7% | 4.7% |
| Chicago | 2.8% | 4.9% |
| St. Louis | 2.9% | 5.1% |
| Minneapolis | 3.0% | 5.3% |
| Kansas City | 3.1% | 5.5% |
| Dallas | 3.2% | 5.7% |
| San Francisco | 3.3% | 5.9% |
Summary
The Federal Reserve Beige Book is an important source of information for economists, investors, and other market participants. The Beige Book provides a comprehensive view of the economy by summarizing economic conditions in each of the twelve Federal Reserve Districts. The Beige Book is used by the FOMC to inform its decisions on monetary policy. For more information about the Federal Reserve Beige Book, visit the Federal Reserve Board of Governors website.
See Also
- Federal Open Market Committee (FOMC)
- Monetary Policy
- Federal Reserve System
- Economic Indicators
- Gross Domestic Product (GDP)
- Employment
- Wages
- Prices
- Consumer Price Index (CPI)
- Producer Price Index (PPI)
