​Ugly, Dovish Beige Book Warns Of Manufacturing Decline In “Most Districts”, Greenlights Further Rate Cuts – Tyler Durden

Ugly, Dovish Beige Book Warns Of Manufacturing Decline In “Most Districts”, Greenlights Further Rate Cuts Back in September, the otherwise sleepy and mostly boring report that is the Fed’s Beige Book report (which nobody otherwise reads due to its sheer size) got a sudden boost of notoriety and popularity when none other than Jerome Powell explained after the Fed’s 50bps rate cut, that he had been closely following the Beige Book which had emerged as a driving force behind the Fed’s unexpected “jumbo” 50bps rate cut. And unlike others, we actually do read the Beige Book, which is why two…  — Continue at ZeroHedge News : Read More