Energy Investing - United States : Beige Book - Energy Investing - InvestorVillage

  • We have set up a new board (#AdminHowTo) to better assist you with using our service and getting the most out of it.

    To access the board, click the blue link above or, if you are a registered member, you can check the latest message from Admin in your IV Inbox and click the link provided there as well.  

This is a semi-private group. You are free to browse messages, but you must be a member of this group to post messages. Join This Group

Group: Energy Investing   /  Message Board  /  Read Message


Rec'd By
Authored By
Minimum Recs
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  350783 of 372561  at  9/8/2021 9:41:16 PM  by


United States : Beige Book

powered by econoday logoU.S. & Intl Recaps | Event Definitions | Today's Calendar |

United States : Beige Book
Released On 9/8/2021 2:00:00 PM For Sep, 2021

The Beige Book summary of economic conditions across the 12 Fed districts was for the period between early July and late August. The tone shifted to a less hectic pace of growth overall which the report noted was in large part due to the "rise of the Delta variant" of Covid-19 that has affected travel and leisure, to supply shortages that have restrained output in manufacturing, and lack of housing stock during a period of high demand.

Three districts slightly downgraded their assessment of conditions (New York, Minneapolis, San Francisco) but the remainder kept to the same sort of expansion in the previous report.

The watchword for the report is "moderate" with all districts reporting expansion. Growth is uneven across sectors, but those that are expanding need workers. The report said all districts noted "extensive labor shortages that were constraining employment and, in many cases, impeding business activity". Shortages are resulting in "an acceleration in wages, and most [districts] characterized wage growth as strong".

Inflation was said to be "steady at an elevated pace" with half of districts characterizing upward pressures as "strong" and the other half as "moderate". Upward pressure on input prices was "widespread" and many businesses "reported having trouble sourcing key inputs". Some businesses "are finding it easier to pass along more cost increases through higher prices" and several districts "indicated that businesses anticipate significant hikes in their selling prices in the months ahead."

There's a lot here for Fed policymakers to mull over when they meet on September 21-22. On net, it may be that the vibrant labor market and concerns of continued higher inflation will tip the scales toward starting to taper asset purchases, although any hint of a rate hike will remain far distant.

This book is produced roughly two weeks before the monetary policy meetings of the Federal Open Market Committee. On each occasion, a different Fed district bank compiles anecdotal evidence on economic conditions from each of the 12 Federal Reserve districts. Why Investors Care
2021 Release Schedule
Released On:1/133/34/146/27/149/810/2012/1
Release For:JanFebAprMayJulSepOctNov

Legal Notices | ©Copyright 1998-2021 Econoday, Inc. powered by [Econoday]

     e-mail to a friend      printer-friendly     add to library      
Recs: 0  
   Views: 0 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board

Financial Market Data provided by