Analyze the US Beige Book to gauge potential shifts in FOMC interest rate decisions, impacting Forex markets.
This analysis assists the FOMC in their upcoming interest rate decisions. However, its impact is generally moderate, as the FOMC also considers two confidential reports - the Green Book and the Blue Book - which are thought to have a greater influence on their rate decisions.
What it Measures
N/A
Usual Effect
A more hawkish stance than anticipated is favorable for the currency.
Source & Frequency
Federal Reserve (latest release) - https://www.federalreserve.gov/ • Eight times a year, occurring two weeks prior to each FOMC meeting.
How Data is Derived
Anecdotal evidence supplied by the 12 Federal Reserve banks regarding local economic conditions in their district
Also Known As
Current Economic Conditions
Acronym
N/A