Beige book

Definition:

Official name for the Beige book is Summary of Commentary on Current Economic Conditions. It is a report published by the Fed before FOMC meeting (eight times a year) and is used to inform the members on changes in the economy.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Earnings yield

The ratio of earnings per share, after allowing for tax and interest payments on fixed interest debt, to the current share price. The inverse of the price-earnings ratio. It is the total twelve... Read More

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