Crypto investors before 2021 didn’t care about interest rates, non-farm payrolls, and other things. However, with crypto intertwining with traditional markets and macroeconomic developments impacting the market, this is no longer the case. Now, investors even have to follow the Fed Beige Book.
Fed Beige Book
This is a Fed publication that addresses the current economic conditions across 12 Fed districts. Its purpose is to track changes across different publication dates and it is published 8 times a year. Each Fed Branch compiles current economic data, utilizing various sources (surveys, interviews, market expert opinions, economists, organizations) in the process.
This report, useful for seeing the situation in specific states, tells us the current state of the economy. Some important points from the recently published report are:
- Expectations for the future of the economy leaned towards slower growth over the next six months due to uncertainty related to the upcoming election, domestic policy, geopolitical conflict, and inflation.
- While prices generally increased at a modest pace, only slight increases were recorded in a few regions. Economic activity maintained a slight to moderate growth rate in most regions during this reporting period.
Crypto investors now follow macroeconomic developments closely.
The Fed Beige Book tracks economic conditions across 12 districts.
Recent reports indicate slower growth expectations due to various uncertainties.
