2017 Economic Calendar
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Beige Book  
Released On 1/18/2017 2:00:00 PM For Dec, 2016

Highlights
The Beige Book offers a broad but anecdotal survey of the economy, in this case the 7-week period ending January 9. And though the verdict is unchanged, that is moderate to modest economic growth, the outlook is suddenly upbeat. The report says firms across the nation are optimistic about 2017 and cites expectations for increasing tightness in the labor market and increasing wage pressure to go with it.

Yet a rising outlook alone may not be enough to persuade policy makers to raise rates at the coming FOMC meeting. Both housing and capital investment plans are described as mixed and holiday sales as disappointing for some. And inflation won't be a factor for higher rates either, as price pressures are described as only slight to modest. Today's Beige Book was prepared for the January 31 & February 1 meeting.

Definition
This book is produced roughly two weeks before the monetary policy meetings of the Federal Open Market Committee. On each occasion, a different Fed district bank compiles anecdotal evidence on economic conditions from each of the 12 Federal Reserve districts.  Why Investors Care
 

2017 Release Schedule
Released On: 1/183/14/195/317/129/610/1811/29
Release For: DecFebMarAprJunAugSepOct
 


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