Here comes the Beige Book ...
It's a compilation of economic anecdotes from across the Fed's 12 districts and covers various areas ranging from real estate to employment. It's prepared ahead of the Fed's policy meetings and informs the discussions that take place.
"We expect it to contain mostly upbeat comments about the health of the economy, highlighted by job growth, wage growth, and a strong housing market," said Aaron Kohli, a director of fixed income at BMO Capital Markets, in a note.
"The report will likely also touch on some weaknesses, notably low inflation, a strong dollar, and a weak industrial sector."
The focus of markets right now, however, is on what the Fed does at its upcoming meeting from September 20-21. Most market participants anticipate that the Federal Open Markets Committee will hold off on raising interest rates until its meeting in December.