HALISTER1: Fed Beige Book Consistent With Above-Trend Growth: Renaissance

Fed Beige Book Consistent With Above-Trend Growth: Renaissance

(Bloomberg) -- Fed’s Beige Book report has “generally positive tone,” Renaissance Macro Research economist Neil Dutta writes in note.
  • Renaissance’s Beige Book Sentiment Index, which codes specific words in the report to derive a growth signal, improved to 0.59, highest since Beige Book released in Oct. 2014
    • Level is broadly consistent with y/y real GDP growth of 2.5%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Neil Dutta (Renaissance Macro Research LLC)

Topics
BGOV Finance

To de-activate this alert, click here

UUID: 7947283