The most recent Beige Book was released July 16 and US economic data has largely been better since then, something that will probably be reflected in today’s 2 pm ET (1600 GMT) release.
Look for more districts to report “moderate” growth and fewer saying growth was “modest”
Here are the headlines from the previous Beige Book.
- Most districts were optimistic about economic outlook
- Labor market conditions improved
- Consumer spending increased in all 12 districts
- Manufacturing increased in all 12 districts
- ‘Banking conditions improved slightly’
- Vehicle sales expanded in most districts
- ‘Price pressures were generally contained’
- Most districts were optimistic about economic outlook
- Full text here