Bond yields jumped today after the Fed’s Beige Book noted steel stockpiling and tariff-related price hikes.
The Fed’s “Beige Book” is a compilation of economic activity by each of twelve Federal Reserve districts.
The title sounds impressive but it is little more than a summation of the anecdotes from the latest Fed regional reports (Think Philly Fed, Empire State, etc.).
Let’s dive into a recap.
Overall Economic Activity
Employment and Wages