The Beige Book is due out at the top of the hour and markets are clearly waiting to see it. The consensus is The Fed sees signs of economic activity slowing down. Here are a few other important things to keep on your radar when the information hits the wires:
Bad weather – look for mention of harsh weather conditions leading to a slowdown in economic activity. See how this affects energy-related trades, especially crude oil.
Cheap oil – watch for a mention of Texans taking a hit on these low oil prices
Strong dollar, aka cheap oil – watch oil
Here are the key short term levels in oil:
