Government Reports for Forex

A combination of economic conditions from each of the 12
Federal Reserve regional districts, the Beige Book is aptly named because
of the color of its cover (really). This report is usually released two weeks
before the monetary policy meetings of the FOMC. The information on economic
conditions is then used by the FOMC to set interest rate policy. If the
Beige Book portrays an overheating economy or inflationary pressures, the
Fed may be more inclined to raise interest rates to moderate the economic
pace. Conversely, if the Beige Book portrays economic difficulties or recession
conditions, the Fed may see a need to lower interest rates to stimulate
activity.
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