BREAKING: FED’s Highly Anticipated Beige Book Released, Here Are The Highlights

The FED’s Beige Book document, which is closely followed by traditional markets and the cryptocurrency market, has finally been published. Here are the notable sections from the content of the document:

• Prices generally continued to increase at a modest pace.
• Most regions reported little or no change in economic activity since the September report.
• Consumer spending looks mixed, particularly in the automotive and general retail sectors.
• Tightness in the labor market continued to decrease across the country.
• Many regions reported a decrease in the number of companies expecting significant price increases going forward.
• The near-term outlook for the economy has generally been described as stable or slightly weaker growth.

It is updated as additional information becomes available…

The Fed’s Beige Book document, more formally known as the Summary of Commentary on Current Economic Conditions, is a report published eight times a year by the United States Federal Reserve Board of Governors. This report provides a qualitative assessment of economic conditions, drawing on reports from 12 regional banks.

*This is not investment advice.

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