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You’ve probably heard of the Beige Book, the economic report that the Federal Reserve publishes eight times a year before each FOMC meeting. In March, the St. Louis Fed’s Center for Regional Economics—8th District (CRE8) released the first Burgundy Books.
Like the Beige Book, the Burgundy Books provide anecdotal information and formal data to help assess current and future economic conditions within the District. The Burgundy Books are produced for each of the District’s four zones, which surround St. Louis, Little Rock, Louisville and Memphis. Fed economists provide audio commentary and supplement the Burgundy Books, which are published online only.
The new report will be published on a quarterly basis and will coincide with the release of a Beige Book report. The next Burgundy Books will be released June 26. (A Beige Book will come out June 11.)