Beige Book: US Economy Expanded

According to the Beige Book, the US economy expanded in January and through mid-February. The Beige Book (released eight times per year by the US Federal Reserve) is a report containing anecdotal information regarding economic insight gathered by central bank employees. Modest improvement was noted in the housing sector in addition to the economy at large. This largely mirrors the previous Beige Book publication.

Overall, the Beige Book was cautiously optimistic. The report particularly highlighted strength in manufacturing. Despite this, Chairman Ben Bernanke still characterized growth as “below its longer-term trend.” This improvement, below trend or not, has decreased the chances of near-term monetary stimulus.

Source: Reuters

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Kenny Fisher

Kenny Fisher

Market Analyst at OANDA
A highly experienced financial market analyst with a focus on fundamental analysis, Kenneth Fisher’s daily commentary covers a broad range of markets including forex, equities and commodities. His work has been published in several major online financial publications including Investing.com, Seeking Alpha and FXStreet. Based in Israel, Kenny has been a MarketPulse contributor since 2012.
Kenny Fisher

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