有人讨论一下Beige book吗？# Stock
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Beige Book
Highlights
The Fed's Beige Book indicated that the economic expansion is "moderate" in
six Districts and "modest" in four Districts. Consumer spending growth is
positive but seen as modest in most districts. A key point was that job
growth is modest-meaning the Fed will not be in a rush to end taper earlier
than scheduled. The timing of the first rate increase likely will still be
under debate within the Fed, however.
Fed contacts see real estate activity as expanding or holding steady-neither
of which indicates strength. New sales growth is modest.
For the labor market, nearly all districts see shortages of skilled labor.
The question, however, is at what price that firms want to pay.
Price pressures are low.
Manufacturing may not be as strong as it has been. This sector is described
as mixed.
Overall, the expansion is showing moderate growth. But a positive note is
healthy motor vehicle sales in manufacturers' data for August. And we will
get more definitive numbers with the August employment situation from the
BLS which posts Friday.
Definition
This book is produced roughly two weeks before the monetary policy meetings
of the Federal Open Market Committee. On each occasion, a different Fed
district bank compiles anecdotal evidence on economic conditions from each
of the 12 Federal Reserve districts.
Highlights
The Fed's Beige Book indicated that the economic expansion is "moderate" in
six Districts and "modest" in four Districts. Consumer spending growth is
positive but seen as modest in most districts. A key point was that job
growth is modest-meaning the Fed will not be in a rush to end taper earlier
than scheduled. The timing of the first rate increase likely will still be
under debate within the Fed, however.
Fed contacts see real estate activity as expanding or holding steady-neither
of which indicates strength. New sales growth is modest.
For the labor market, nearly all districts see shortages of skilled labor.
The question, however, is at what price that firms want to pay.
Price pressures are low.
Manufacturing may not be as strong as it has been. This sector is described
as mixed.
Overall, the expansion is showing moderate growth. But a positive note is
healthy motor vehicle sales in manufacturers' data for August. And we will
get more definitive numbers with the August employment situation from the
BLS which posts Friday.
Definition
This book is produced roughly two weeks before the monetary policy meetings
of the Federal Open Market Committee. On each occasion, a different Fed
district bank compiles anecdotal evidence on economic conditions from each
of the 12 Federal Reserve districts.
