Fed Beige Book preview - Nomura

Analysts at Nomura offered their preview for the Fed Beige Book.

Key Quotes:

"The Beige Book prepared for the upcoming 30-31 January FOMC meeting will likely reflect continued growth at a “modest to moderate pace” in December and mid-January."

"The report could contain useful anecdotal evidence on local business leader expectations for the recently passed tax law."

"Moreover, some business contacts, particularly in the eastern districts, may have views on how disruptive the recent winter storms were for economic activity."

"Overall, incoming data have maintained economic momentum going into 2018 with solid readings on vehicle sales, employment growth and business surveys."