United States · Beige Book · NSA
Beige Book tone (Chartlas reading): −7.9 in Oct 2026, down from −1.6 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 | −7.9 | −7.9 | −6.3 |
| Sep 2026 | — | −1.6 | +0.2 |
| Jul 2026 | — | −1.8 | +8.6 |
| Jun 2026 | — | −10.4 | +4.9 |
| Apr 2026 | — | −15.3 | +11.0 |
| Mar 2026 | — | −26.3 | −7.3 |
| Jan 2026 | — | −19.0 | +19.1 |
| Nov 2025 | — | −38.1 | +0.9 |
| Oct 2025 | — | −39.0 | +0.4 |
| Sep 2025 | — | −39.4 | +3.8 |
| Jul 2025 | — | −43.2 | +16.8 |
| Jun 2025 | — | −60.0 | −8.0 |
Source: Beige Book, Board of Governors of the Federal Reserve System. The tone and uncertainty measures are Chartlas's own reading of the text.