0800 US Eastern time/ 1200 GMT: Federal Reserve Bank of Richmond President Thomas Barkin speaks on “Forecasting Beyond Today’s Data” before the Carroll County EDA and Chamber.
0915 US Eastern time/1315 GMT: Federal Reserve Bank of Cleveland President Beth Hammack speaks on “Community Development” before the Cuyahoga County Community College Corporate College 20th Anniversary Celebration Business Breakfast, in Warrensville Heights, Ohio
1800 US Eastern time/1400 GMT Fed Governor Barr speaks
1400 US Eastern time/1800 GMT: Federal Reserve issues the Beige Book
1830 US Eastern time/2230 GMT: Federal Reserve Bank of New York President John Williams gives keynote before the New York Association for Business Economics (NYABE) Distinguished Speaker Series
From the ForexLive glossary:
- The Beige Book is a report published by the Federal Reserve (Fed) eight times a year, that provides an overview of economic conditions in each of the Fed’s twelve districts.
- The report is compiled using information from the Fed’s business contacts, economists, and other experts, and covers a wide range of topics including employment, wages, prices, and consumer spending.
- The Beige Book is used by the Fed to help inform its monetary policy decisions, and it is also closely watched by economists, investors, and businesses.
- The report is unique in that it provides a regional perspective on the economy, rather than just a national one. It’s called “beige” because of the color of its cover.
- The report is released two weeks before the Federal Open Market Committee (FOMC) meeting, and it’s widely used by market participants as a source of information to anticipate the Fed’s monetary policy.
This article was written by Eamonn Sheridan at www.forexlive.com.