Beige Book - December 2024

The Beige Book, formally known as the Summary of Commentary on Current Economic Conditions, is a report published by the United States Federal Reserve eight times a year, typically two weeks before meetings of the Federal Open Market Committee (FOMC). It serves as a qualitative review of economic conditions across the 12 Federal Reserve Districts, providing insights into local economic activities, labor markets, and consumer spending trends.

The latest Beige Book, released on December 4, 2024, indicates a slight improvement in economic conditions across the United States. However, it's important to note that the growth is described as "slight," indicating that while the direction is positive, the magnitude of improvement is modest. Additionally, the report doesn't mention significant improvements in areas like employment or wage growth, which are typically key indicators of economic health. Overall, the latest Beige Book can be interpreted as moderately good, showing small but positive…