ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Economist Update
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Condition Status Report
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Research Report
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Beige Book
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Detailed explanation-1: -The Beige Book is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts. It charac-terizes regional economic conditions and prospects based on a variety of mostly qualitative information, gathered directly from each District’s sources.
Detailed explanation-2: -Commonly known as the Beige Book, this report is published eight times per year. 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.
Detailed explanation-3: -The Fed Beige Book acts as a complement to available economic data. It is essential in helping the Federal Open Market Committee (FOMC) formulate their monetary policy, such as whether to adjust the federal funds rate.
Detailed explanation-4: -When does the United States Fed’s Beige Book take place? United States Fed’s Beige Book is taking place on Wednesday, March 8 th at 18:00 GMT.