What is the Federal Reserve Beige Book? - TheStreet Definition

Dictionary of Financial Terms

The Federal Reserve's "Beige Book" report summarizes anecdotal information collected by the District Federal Reserve Banks from key businessmen, economists, market experts and other sources. Used at the meetings of the Federal Open Market Committee (the Fed's monetary policymaking arm).

Source: One of the 12 District Federal Reserve Banks, on a rotating basis.

Frequency: Eight times a year

Released when? Two Wednesdays before every FOMC meeting at 2 p.m. Eastern.

Market importance: Some. Used in conjunction with recent economic indicators to gauge the strength of economy. Occasionally moves markets, but the Beige Book is not a commentary on the views of Fed members.

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