There is no need to explain the importance of the Federal Reserve System and its reports to a modern investor. After all, we are considering the organization which is responsible for the emission of the current major global currency.
Considering the Fed Beige Book, it necessary to note that for the formation of this indicator the interest rates, which are set by the Federal Reserve System, are taken into consideration. This indicator is updated eight times in a year. We don’t have to consider the great importance of this indicator. In general, it is applied by investors to confirm those trends that have already formed in the market.
Investors note that the Fed Beige Book is based on the analysis of the certain industries. The main among these industries are manufacturing enterprises, agricultural companies, major financial institutions of a country, and the indicators that describe the real estate market.