Beige Book
ReleasedEight times per year · 2:00 PM ET · two weeks before each FOMC
Frequency8 times per year
SourceFederal Reserve
Definition
A qualitative summary of economic conditions across the twelve Federal Reserve districts, drawn from business and community contacts, published before each FOMC meeting.
Why investors care
It colors how the Fed is reading the economy on the ground — wages, prices, hiring and demand — ahead of a decision.
What to watch
Track recurring language on “pricing power” and “labor availability” shifting meeting to meeting.