The anecdotal evidence of the beige book seems to confirm what all these economic reports have been saying.
The anecdotal evidence of the beige book seems to confirm what all these economic reports have been saying.
What really grabs me about living in Tucson is the color beige.
The U.S. economy is continuing to weaken, ... We are bearish over the next few months. The beige book continues to show weakness in the U.S.
Even the beige book ... labor markets remain stretched and some districts indicated increasing wage pressures.
I believe it was primarily the Fed's beige book. It makes a Fed rate cut more likely.
The March Beige Book paints a clear picture of an economy straining at the seams. Significantly, compared to recent Beige Books, there was more detail, and a more worrying tone, to the comments on the labor market.
The Fed's Beige Book acknowledges some of the improvement evident in recent economic data, but the tone of the survey could not yet be described as a ringing endorsement of the recovery story,
The main focus this week is what the beige book is saying about the consumer sector in the U.S. because the consumer is absolutely crucial to the performance of the US economy over the course of this year - and that of course means the performance of the global economy.
The Fed's beige book contains a little something for both the bull and bear camps but has a marginally negative tone to it,
Employment figures released recently, along with the information garnered in the Beige Book, support the market's notion that the economy is beginning to slow, reducing the immediate need for the Fed to take action when it meets later this month. Thus, there is no upward pressure on interest rates,
There is a clear change in the tone of the Beige Book, but not all the news is good.
CPI is certainly the big economic report of next week. The Fed's beige book and some of the manufacturing numbers will be looked at as well.
The Beige Book verifies what the data has already been saying - labor markets are tighter and wage pressures are intensifying.
The sentiment I get from the Beige Book, along with listening to quarterly earnings conference calls, and just the general tone of my conversations with people who have their fingers on the trigger of hiring, say companies are just not doing much of it.
What really drove the two-year to the high yield of the day was the two-year note auction, and the Beige Book didn't do anything to help.
The beige book should give us a better indication of where the strength is, whether it's in all the Federal (Reserve) districts or just one area.
© 2020 Inspirational Stories
© 2020 Inspirational Stories