United States · Beige Book · NSA
Beige Book profit margins (Chartlas reading): 3.0 in Oct 2026, down from 14.3 in Sep 2026.
Next release: 25 Nov 2026.
Chartlas readings of the Federal Reserve's Beige Book, published eight times a year two weeks before each FOMC meeting: the balance of positive and negative descriptions in the book's text, from -100 to 100, for overall tone, prices, employment, wages and profit margins, and how often it mentions uncertainty.
| Period | First print | Latest | Change |
|---|---|---|---|
| Oct 2026 | — | 3.0 | −11.3 |
| Sep 2026 | — | 14.3 | +47.6 |
| Jul 2026 | — | −33.3 | +3.5 |
| Jun 2026 | — | −36.8 | −31.5 |
| Apr 2026 | — | −5.3 | −25.3 |
| Mar 2026 | — | 20.0 | +61.2 |
| Jan 2026 | — | −41.2 | +8.8 |
| Nov 2025 | — | −50.0 | −50.0 |
| Oct 2025 | — | 0.0 | −4.8 |
| Sep 2025 | — | 4.8 | +0.5 |
| Jul 2025 | — | 4.3 | +10.2 |
| Jun 2025 | — | −5.9 | +10.8 |
Source: Beige Book, Board of Governors of the Federal Reserve System. The tone and uncertainty measures are Chartlas's own reading of the text.