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Finance Dictionary and Glossary of Investment Terms
Beige Book
Definition 1.
A commonly used name for the Fed report entitled "Summary of Commentary on Current Economic Conditions by Federal Reserve District." It is published just before the FOMC meeting on interest rates and is used to inform the members on changes in the economy since the last meeting.
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Definition 2.
Report on current economic conditions, published by the Federal Reserve Board eight times each year. The Beige Book is part of the Federal Open Market Committee's preparations for its meetings. The report is released two Wednesdays before each FOMC meeting at 2:15 pm EST. The book is a summary of economic conditions in each of the Fed's regions. The report is primarily seen as an indicator of how the Fed might act at its upcoming meeting.
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Definition 3.
One of three books prepared in advance of each Federal Open Market Committee (FOMC) meeting; it is the only one of the three that is released publicly. The Beige Book is intended to provide FOMC members with an anecdotal look at changes in the economy since the last FOMC meeting. It is released at 2 p.m. ET on the Wednesday just less than two weeks prior to an FOMC meeting.
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