Beige Book. It represents a report of twelve banks of the Fed. It covers the area of manufacturing, services, agriculture, financial institutions, labor market, and real estate market. It has a limited impact on the market.

When rumors of a possible change in interest rates appear on the market, then attention is paid to the part of the review where the status of wages and prices are described. The book is a source of confirmation of the already established trend in the economy.

Its value is published 8 times a year, on Wednesday, two weeks before the next meeting of FOMC, 2:00 PM (EST). The report is used for assessment of economic efficiency of regions and as an indicator of future monetary policy-making of FOMC.