On the program for Wednesday, April 17, 2024 in the United States, the publication of the report at 6:00 p.m. GMT, or 2:00 p.m. Eastern time in the United States.
- The Beige Book is a report published eight times a year by the Federal Reserve (Fed) that provides an overview of the economic situation in each of the twelve Fed districts. The report is compiled using information from the Fed’s business contacts, economists and other experts, and covers a wide range of topics, including employment, wages, prices and consumer spending.
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The Beige Book is used by the Fed to inform its monetary policy decisions, and it is also closely watched by economists, investors and businesses. The report is unique in that it offers a regional perspective on the economy, rather than just a national perspective. It is called “beige” because of the color of its cover. The report is released two weeks before the Federal Open Market Committee (FOMC) meeting and is widely used by market participants as a source of information to help anticipate the Fed’s monetary policy.
Later in the afternoon in the United States, a few speakers will speak:
- 9:30 p.m. GMT / 5:30 p.m. Eastern Time: Loretta Mester, President of the Federal Reserve Bank of Cleveland, speaks on “An Update from the Federal Reserve” ahead of the South Franklin Circle Dialogue Series.
- 11:15 p.m. GMT / 7:15 p.m. Eastern Time Federal Reserve Governor Michelle Bowman participates in a fireside chat at the Institute of Finance’s Global Outlook Forum international (IIF).
“Do you have beige?” »
This article was written by Eamonn Sheridan at www.forexlive.com.
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