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The Week Ahead: Fed’s Beige Book Spotlights Economic Trends

in Daily Dose, Featured, Government, News April 15, 2018 2,451 Views

The Federal Reserve will release its latest Beige Book on this coming Wednesday, April 18, at 2 p.m. EST. The Beige Book presents a summary of economic conditions and activity, based on reports from the various Fed district banks. As detailed on the official Federal Reserve website, "Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by District and sector."

The last Beige Book, released prior to the most recent meeting of the Federal Open Market Committee on March 20-21,  found wages increasing in many areas, bolstering the argument for further interest rate hikes that are seen as inevitable throughout 2018 by many analysts.

Here’s what else is happening in The Week Ahead:

  • Bank of America Q1 Results Monday 8 a.m. ET
  • NAR Housing Market Index, Monday, 10 a.m. ET
  • Census Bureau Housing Starts Tuesday, 8.30 a.m ET
  • Federal Reserve Vice Chairman for Supervision Governor Randal Quarles Testimony Tuesday, 10 a.m. ET.
  • MBA Mortgage Apps Wednesday 7 a.m. ET
  • Philadelphia Fed Business Outlook Survey, Thursday, 8:30 a.m. ET
  • TransUnion Q1 Results Friday, 8:30 a.m. ET

 

 

 

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About Author: David Wharton

David Wharton, Editor-in-Chief at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has nearly 20 years' experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. He can be reached at [email protected].
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