Index Points to Modest Economic Growth; Supports Dovish Fed Stance
PUBLISHED: Wednesday, September 4, 2019
With the release of each Beige Book by the Federal Reserve, we translate the qualitative report into a proprietary quantitative index to help interpret the health and direction of the economy. We calculate our index on a 0-100 scale, dating back to 1970. Historical results have been strongly correlated to GDP and employment growth.