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Definition of 'Beige Book'
A commonly used name for the Fed report called the Summary of Commentary on Current Economic Conditions by Federal Reserve District. It is published just before the FOMC meeting on interest rates and is used to inform the members on changes in the economy since the last meeting.
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Investopedia explains 'Beige Book'
This report is published eight times per year. Each Federal Reserve bank gathers anecdotal information on current economic conditions in its district. The beige book generally consists of reports from bank and branch directors and interviews with key business contacts, economists, market experts, and other sources. The beige book summarizes this information by district and sector. In preparing for the meetings, FOMC members also receive the "green book," containing the FRB staff forecasts of the U.S. economy. This is coupled with the "blue book," which presents the board staff's analysis of monetary policy alternatives. Only the beige book is available to the public, and it is released approximately two weeks before each FOMC meeting.
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The economy has a large impact on the market. Learn how to interpret the most important reports.
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Few organizations can move the market like the Federal Reserve. As an investor, it's important to understand exactly what the Fed does and how it influences the economy.
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The Fed''s Beige Book provides a broad overview of economy and helps investors predict market trends.
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