Key points
- Published 2 weeks before each FOMC meeting.
- Anecdotal evidence from business contacts.
- Provides ground-level economic insights.
Example
If the Beige Book notes “wage growth showing signs of slowing” across districts, markets may infer reduced urgency for future hikes.
In history
Early 2022 Beige Book reports repeatedly cited labor shortages and rising input costs, reinforcing the Fed's aggressive hiking stance.
Related terms