Beige Book is the economic review of the Federal Reserve System. It is prepared by twelve U.S. Federal Reserve Banks. The review covers the sphere of industrial production, services, agriculture, financial institutions, labor market and real estate market.
It has a limited impact on the market. When rumors about possible change of interest rates appear on the market, attention is paid to the review part connected with the state of wages and prices. The review is useful from the viewpoint of confirmation of the trend that has already established in the economy.
- Release Frequency: eight times a year.
- Release Schedule: 14:00 EST, on Wednesdays, two weeks before the next meeting of the Federal Open Market Committee (FOMC)
- Source: Federal Reserve.