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United States USD

United States Beige Book

Impact:
Medium
Source: Federal Reserve

Latest Release:

Date:
Actual:
 
Forecast:
Previous/Revision:  
Period:
What Does It Measure?
The United States Beige Book measures economic conditions in various regions of the U.S. It provides qualitative assessments of the economy based on factors such as production, employment, wages, prices, and consumer spending, capturing the overall economic activity through anecdotal evidence gathered from various sectors.
Frequency
The Beige Book is released eight times a year, typically two weeks before each Federal Open Market Committee (FOMC) meeting, and it consists of qualitative reports rather than quantitative data.
Why Do Traders Care?
Traders scrutinize the Beige Book as it offers key insights into regional economic trends and can influence monetary policy decisions. Economic assessments within the report can impact asset prices; for instance, positive indications may strengthen the USD and boost equities, while negative insights may dampen market sentiment.
What Is It Derived From?
The Beige Book is derived from a compilation of reports based on anecdotal information collected by the twelve Federal Reserve Banks, utilizing interviews and surveys with business contacts, economists, and analysts from various sectors. The process emphasizes qualitative assessments to provide a detailed picture of economic conditions rather than purely numerical data.
Description
The Beige Book presents preliminary reports which offer early insights into economic conditions, while final assessments reinforce the findings but are released later. The survey data include contributions from various regional contacts that emphasize localized economic dynamics and trends, reflecting the broader national picture in the context of the Fed's policy considerations.
Additional Notes
The Beige Book is considered a coincident economic indicator, providing immediate and relevant data about current economic activity. It relates to broader economic trends by correlating qualitative data with monetary policy decisions, and can be compared with other key indicators such as the jobs report or inflation metrics to assess overall economic health.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks. Lower than expected: Bearish for USD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Oct 19, 2016
 
  
Jul 13, 2016
 
  
Jun 01, 2016
 
  
Apr 13, 2016