FED Finally Released The Much Awaited Critical Document ‘Beige Book’: Here are the Highlights in Content!

It has published the “Beige Book” document prepared by the FED to provide information about the current economic conditions in the USA.

Here is the important information included in the content:

• This report was prepared at the Federal Reserve Bank of New York based on information collected on or before February 27, 2023.
• Overall economic activity showed a slight increase at the beginning of 2023.
• Although inflationary pressures remained widespread, price increases remained moderate in many regions.
• Labor market conditions remained sound.
• Wages have increased at a moderate pace overall and are expected to be even more moderate next year.
• Amid growing uncertainty, officials predicted that economic conditions would not improve significantly in the coming months.
• According to interviewees, price increases are expected to remain moderate throughout the year.
• Six regions reported little or no change in economic activity since the previous report, while six regions reported moderate growth.
• Overall, demand for credit has declined, credit standards have tightened, and default rates have risen.

The Fed’s Beige Book is a report that provides information on current economic conditions in the 12 Federal Reserve Districts of the United States. It is published eight times a year, two weeks before each Federal Open Market Committee (FOMC) meeting, and provides an overview of economic activity, employment, wages, prices and other relevant economic indicators.

The Beige Book is used by policy makers at the Fed, including FOMC members, to help inform their decisions on monetary policy. Document cryptocurrency followed closely by investors.

*Not investment advice.