#UK Here comes the Beige Book … (TLT, TLO, USD, SPY)


The Federal Reserve will release its latest Beige Book at 2:00 p.m. ET. 

The Beige Book is a compilation of anecdotes on the economies in the Fed’s 12 districts, spanning various industries including manufacturing, real estate, and consumer spending.

It’s worth paying attention to because it’s usually published two weeks ahead of the Fed’s policy meeting, and informs the FOMC’s assessment of the economy when it makes its policy decision.

Later this month, the Fed is widely expected to raise interest rates. And in a speech earlier on Wednesday, Fed chair Janet Yellen confirmed that she is support of a rate hike.

Yellen acknowledged progress in the labor market, and said that if the Fed delayed raising rates, it could have to suddenly hike later on — disrupting markets and possibly causing a recession.

We’ll have the details and full text of the Beige Book at the the top of the hour; refresh this page for updates.

SEE ALSO: These 4 sentences make it clear the Fed will raise rates in 2 weeks

Join the conversation about this story »

NOW WATCH: This is what will happen when the Fed raises rates

from Business Insider http://ift.tt/1l8xfQU

This entry was posted in #UK by Startup365. Bookmark the permalink.

About Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !