The Beige Book is due out Wednesday at 2 p.m. ET. The Beige Book usually comes out two weeks before policy meetings of the Federal Open Market Committee, with a commentary on the economic conditions from each of the 12 Federal Reserve districts. The focus is usually on prices, spending, employment and manufacturing, with regional reports on economic indicators.
This month's Beige Book is likely to show that economic activity moderated, especially manufacturing.
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In particular, the following factors may be attributed to the slowdown:
- Bad weather, especially in the Northeast.
- Port strikes in the West Coast
- Strong dollar.
- Lower oil prices affecting Texas and other oil producing areas.
While a slowdown is expected, the extent and expected severity will be the key takeaway from today's Beige Book.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.