Highlights
Lots of interest in Fed's beige book report due at 2 pm ET today as it represents a very current anecdotal update on economic conditions. Fed officials, including Atlanta Fed's Bostic and St Louis Fed's Musalem, today repeated they are grappling with a high degree of uncertainty about how rapidly the job market is cooling, and what impact tariffs are having on prices consumers actually pay, and in turn how consumers are reacting. The growing Fed consensus appears to be that tariff-related price effects are due to fade next year -- remember team transitory? The beige book will offer a snapshot on what's happening now, with the additional credibility of the Fed's own report.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.