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Cleveland Fed Research: How Well Does Beige Book Predict Recessions?
April 17, 2024
CLEVELAND, Ohio, April 17 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following news release on April 16, 2024:

Anecdotal economic data compiled for the Federal Reserve's Beige Book may be useful in predicting recessions, especially when regional-level economic sentiment is taken into account, according to a new report published by the Cleveland Fed.

Using natural language processing, researchers from the Cleveland Fed and Washington University in St. L . . .

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