Important Economic Reports Due Out This Next Week
Saturday, 19. July 2008, 14:20:21
Jyske Markets - FX Research writing in ActionForex.com relates that important economic outlook reports are going to be released this coming week; these include the Beige Book. It is one of three reports that are produced up to the Fed meeting on 5 August, but it is the only one of them to be published. It is an extract of comments from businesses across the US. The comments describe the development in the various sectors of the economy such as the manufacturing industry, retail sales, the housing market, the financial sector, etc. Moreover, there are comments across the sectors about employment, wages and prices. The report is thus a relatively up-to-date description of the US economy, but it should be mentioned that the Fed is the author and that the report thus reflects the views of the Fed.
