US Beige Book
This analysis is used by the FOMC to help make their next decision on interest rates. However, it tends to produce a mild impact as the FOMC also receives 2 non-public books - the Green Book and the Blue Book - which are widely believed to be more influential to their rate decision;
- History
Expected Impact / Date | Description |
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Jan 15, 2025 | |
Dec 4, 2024 | |
Oct 23, 2024 | |
Sep 4, 2024 | |
Jul 17, 2024 | |
May 29, 2024 | |
Apr 17, 2024 | |
Mar 6, 2024 | |
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- US Beige Book News
- From finance.yahoo.com|Jan 15, 2025
U.S. economic activity increased slightly to moderately in late November and December, the Federal Reserve said on Wednesday, with employment ticking up and prices rising moderately amid concerns about the potential impact of policies under President-elect Donald Trump. The findings, which draw on observations from the business and community contacts of each of the Fed's 12 regional banks, provide a snapshot of the economy. "Contacts expected prices to continue to rise in 2025, with some noting the potential for higher tariffs to ...
- From federalreserve.gov|Jan 15, 2025
Economic activity increased slightly to moderately across the twelve Federal Reserve Districts in late November and December. Consumer spending moved up moderately, with most Districts reporting strong holiday sales that exceeded expectations. Vehicle sales grew modestly. Construction activity decreased overall, with several Districts indicating that high costs for materials and financing were weighing on growth. Manufacturing decreased slightly on net, and a number of Districts said manufacturers were stockpiling inventories in anticipation of higher tariffs. Residential real estate activity was unchanged on balance, as high mortgage rates continued to hold back demand. Commercial real estate sales edged up. The nonfinancial services sector grew slightly overall, with Districts highlighting growth in leisure and hospitality and transportation, notably air travel. Truck freight volumes, however, were down. Financial service providers reported modest growth in lending and little change in asset quality overall, though lenders and community organizations voiced concerns about delinquencies among small businesses and lower-income households. Nonprofit social service agencies faced high demand amidst uncertainty about future funding levels. Agricultural conditions remained weak overall, with generally lower farm incomes and weather-related struggles in some areas. The spread of avian flu reduced egg supplies and pushed up prices. Energy activity was mixed. More contacts were optimistic about the outlook for 2025 than were pessimistic about it, though contacts in several Districts expressed concerns that changes in immigration and tariff policy could negatively affect the economy. post: FED BEIGE BOOK: MORE CONTACTS WERE OPTIMISTIC ABOUT THE OUTLOOK FOR 2025 THAN WERE PESSIMISTIC ABOUT IT, THOUGH CONTACTS IN SEVERAL DISTRICTS EXPRESSED CONCERNS THAT CHANGES IN IMMIGRATION AND TARIFF POLICY COULD NEGATIVELY AFFECT THE ECONOMY. post: FED BEIGE BOOK: ECONOMIC ACTIVITY INCREASED SLIGHTLY TO MODERATELY ACROSS THE TWELVE FEDERAL RESERVE DISTRICTS IN LATE NOVEMBER AND DECEMBER. post: FED BEIGE BOOK: PRICES INCREASED MODESTLY OVERALL, WAGE GROWTH PICKED UP.
- From msn.com|Dec 4, 2024
The U.S. expanded steadily in November, but hiring was subdued and inflation was still a nagging problem in some parts of the economy, a new Federal Reserve survey found. The Fed’s so-called Beige Book reported moderate U.S. growth by and large, with businesses more hopeful that demand will pick up “in coming months.” The report covered the period from late October to late November. Fed Chair Jerome Powell offered an even more upbeat assessment, saying the economy was in “very good shape” at an event Wednesday in New York. Businesses ...
- From federalreserve.gov|Dec 4, 2024
Economic activity rose slightly in most Districts. Three regions exhibited modest or moderate growth that offset flat or slightly declining activity in two others. Though growth in economic activity was generally small, expectations for growth rose moderately across most geographies and sectors. Business contacts expressed optimism that demand will rise in coming months. Consumer spending was generally stable. Many consumer-oriented businesses across Districts noted further increases in price sensitivity among consumers, as well as several reports of increased sensitivity to quality. Spending on home furnishings was down, which contacts attributed to limited household mobility. Demand for mortgages was low overall, though reports on recent changes in home loan demand were mixed due to volatility in rates. Commercial real estate lending was similarly subdued. Still, contacts generally reported financing remained available. Capital spending and purchases of raw materials were flat or declining in most Districts. Sales of farm equipment were a notable headwind to overall investment activity, and several contacts expressed concerns about the future prices of equipment given ongoing weakness in the farm economy. Energy activity in the oil and gas sector was flat but demand for electricity generation continued to grow at a robust rate. The rise in electricity demand was driven by rapid expansions in data centers and was reportedly planned to be met by investments in renewable generation capacity in coming years. post: FED BEIGE BOOK: PRICES ROSE ONLY AT A MODEST PACE ACROSS FEDERAL RESERVE DISTRICTS. post: FED BEIGE BOOK: ECONOMIC ACTIVITY ROSE SLIGHTLY IN MOST DISTRICTS.
- From federalreserve.gov|Oct 23, 2024
On balance, economic activity was little changed in nearly all Districts since early September, though two Districts reported modest growth. Most Districts reported declining manufacturing activity. Activity in the banking sector was generally steady to up slightly, and loan demand was mixed, with some Districts noting an improvement in the outlook due to the decline in interest rates. Reports on consumer spending were mixed, with some Districts noting shifts in the compo- sition of purchases, mostly toward less expensive alternatives. Housing market activity has generally held up: inventory continued to expand in much of the nation, and home values largely held steady or rose slightly. Still, uncertainty about the path of mortgage rates kept some buyers on the sidelines, and the lack of affordable housing remained a persistent problem in many communities. Commercial real estate markets were generally flat, although data center and infrastructure projects boosted activity in a few Districts. The short-lived dockworkers strike caused only minor temporary disruptions. Hurricane damage impacted crops and prompted pauses in business activity and tourism in the Southeast. Agricultural activity was flat to down modestly, with some crop prices remaining unprofitably low. Energy activity was also unchanged or down modestly, and lower energy prices reportedly compressed producers’ margins. Despite elevated uncertainty, contacts were somewhat more optimistic about the longer-term outlook. post: FED BEIGE BOOK: DESPITE ELEVATED UNCERTAINTY, CONTACTS WERE SOMEWHAT MORE OPTIMISTIC ABOUT THE LONGER-TERM OUTLOOK. post: FED BEIGE BOOK: THERE WAS SLIGHT OR MODEST JOB GROWTH IN MORE THAN HALF OF DISTRICTS. post: FED BEIGE BOOK: INFLATION CONTINUED TO MODERATE WITH SELLING PRICES REPORTEDLY INCREASING AT A SLIGHT OR MODEST PACE IN MOST DISTRICTS.
- From barchart.com|Sep 4, 2024
The dollar index (DXY00) Wednesday fell by -0.48%. The dollar retreated Wednesday after the US July trade deficit widened by the most in 2 years. Lower T-note yields Wednesday also weighed on the dollar. Losses in the dollar accelerated after the US July JOLTS job openings fell more than expected to a 3-1/2 year low, a dovish factor for Fed policy. The dollar maintained moderate losses after the dovish Fed Beige Book was released. The US July trade deficit widened to -$78.8 billion from -$73.0 billion in June, the largest deficit in ...
- From youtube.com/markets|Sep 4, 2024
TS Lombard Chief US Economist Steven Blitz joined Bloomberg Businessweek to break down data from the Fed's Beige Book -
- From zerohedge.com|Sep 4, 2024
One week after the latest Q2 GDP revision came in hotter than expected on the back of what was supposedly a surge in consumer spending, which helped push US economic growth to a 3.0% pace in Q2, more than double the 1.4% in Q1, moments ago the Fed published the latest Beige Book reports according to which US economic activity "grew slightly" in three Districts, while the number of Districts that reported flat or declining activity rose from five in the prior period to nine in the current period, refuting any speculation of a recovery ...
Released on Jan 15, 2025 |
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Released on Dec 4, 2024 |
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Released on Oct 23, 2024 |
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Released on Sep 4, 2024 |
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