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Fed Beige Book

A compilation of economic data released eight times per year. The report is compiled of anecdotal and qualitative information gathered by each Federal Reserve Bank on current economic conditions in their District. The information is obtained through reports from Bank and Branch Directors, economists, interviews with key business contacts, market experts and various other sources. The Beige Book report summarizes all of the information by district and sector. The data in the Beige Book report is used at the FOMC meeting in making decisions regarding interest rate policy. The report is released at 2 p.m. on the Wednesday roughly two weeks before the FOMC meeting is held.