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Macroeconomic Perspectives – Oct. 16, 2013

Beige Book: The report, released two weeks prior to the FOMC meeting, provides a snapshot of the US economy based on reports from the 12 Federal Reserve banks. Normally, this recap of economic conditions doesn’t cause much of a stir, except for traders focus in on the details to try and gauge the Fed’s next action. But given the lack of economic data flowing from the US government, today’s report carries some added importance since it will at least give a look at where the US economy is based on anecdotal reports.



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