Here comes the Beige Book ...
Thomson Reuters
It will contain anecdotes from the Fed's 12 regional districts on various aspects of their local economies, including housing, consumer spending and employment.
These anecdotes will inform the discussion at the Fed's policy meeting from April 26-27, when it is expected to leave its benchmark rate unchanged.
On the labor market, Tara Sinclair, chief economist at Indeed, said in a preview: "We expect relatively strong growth across the 12 districts considered in the Federal Reserve's Beige Book. While there continues to be concern about low labor force participation and stagnant wages, job gains in 2016 have been strong, and the March employer demand for workers shows the hiring is likely to continue."
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador