Monetary Policy and Beige Book Essay

Submitted By erica94a
Words: 460
Pages: 2
Open Document
A report which is published every six weeks to provide investors a summary of the United States’ economic status. National and international investors alike, use the information in the Beige Book to determine whether or not an investment is worth the risk. One can view the opinions of key contacts from several major businesses, economists, marketing experts; a commentary compiled by the Federal Reserve District. The Federal Reserve District is made up of twelve Districts: Boston, Cleveland, Chicago, Kansas City, New York, Richmond, St. Louis, Dallas, Philadelphia, Atlanta, Minneapolis, and San Francisco. Topics include consumer spending and tourism, real estate and construction, banking and finance, agriculture, retail, and employment, as pertaining to the districts’ goods and services. For example, freight transportation services information provided by the Cleveland District is not to compare to the rich retail sales of the Philadelphia District.
Investors draw a logic and conclude intuitively from data reports such as the initial and continuing claims reports.
The Beige Book instigates discussions about ecommerce and retail and manufacturing productivity. Allowing investors to look to the future and almost predict what the economic impact of the current changes in the market. For example, Hurricane Sandy had an economic impact in the retail sales, commercial real estate, and general services, such as tourism and casinos as well as local businesses in the Philadelphia District.
The Federal Open Market Committee meet each six weeks a year to review the condition of the U.S. economy. They make decisions on what, if any, action is to be undertaken to alleviate any prospective or current economic problems, or decide on the monetary policy effectively involved to improve the current condition. Tools used control the monetary policy are the operations of the open market, the reserve requirements, and the discount rate. The Beige report is a
Show More

Related Documents: Monetary Policy and Beige Book Essay

Monetary Policy Essay

Monetary Policy of the Federal Reserve The Federal Reserve System, established in 1913, is the United States’ central bank. This system consists of twelve district banks and a Board of Governors. The Federal Reserve is independent within the government, which means, “even though the Fed is independent of Congressional appropriations and administrative control, it is ultimately accountable to Congress and comes under government audit and review” (frbsf.org). The Federal Open Market Committee (FOMC)…

Words 761 - Pages 4

Bed, Bath & Beyond Essay

2009 to $989.5 million in 2012. Therefore, my assessment of the overall financial health of Bed, Bath and Beyond Inc. is that it is still a strong investment. 2. The Fed has forecasted future economic conditions and they are found in the Fed's Beige Book. Please choose the one most important economic condition that might affect your company's future performance. Confine yourself to only one. Bed Bath & Beyond Inc’s strengths can be seen in multiple areas: such as growth in revenues and growth…

Words 1060 - Pages 5

The Federal Reserve System

United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. Today, the Federal Reserve's responsibilities fall into four general areas. Conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices. Supervising…

Words 6763 - Pages 28

Oil Exploration Negative

Oil Exploration Negative Oil Exploration Negative 1 1NC Frontline: Inherency [1/1] 2 1NC Frontline: Harms – Hegemony [1/2] 3 1NC Frontline: Harms – Hegemony [2/2] 4 1NC Frontline: Harms – Economy [1/3] 6 1NC Frontline: Harms – Economy [2/3] 7 1NC Frontline: Harms – Economy [3/3] 8 1NC Frontline: Solvency [1/1] 10 2NC / 1NR Extensions: Inherency [1/1] 12 2NC / 1NR Extensions: Harms – Hegemony #1 [1/1] 13 2NC / 1NR Extensions: Harms – Hegemony #2 [1/1] 15 2NC / 1NR Extensions: Harms – Hegemony #3…

Words 9312 - Pages 38

HSR Provides Minimal Road Congestion Relief

ON CASE solvency HSR provides minimal highway congestion relief Peterman, Analyst in Transportation Policy for Congressional Research Service, Frittelli, Specialist in transportation policy for CRS, and Mallet, specialist in transportation policy for CRS, 2009 (David Randall, John, William J, 12/8/9, Congressional Research Service, “High Speed Rail (HSR) in the United States“, http://www.fas.org/sgp/crs/misc/R40973.pdf, 7/10/12, CNW) In heavily traveled and congested corridors, proponents contend…

Words 9406 - Pages 38