Analysts at Nomura offered a preview of the Fed Beige Book. Key Quotes: "We expect the Fed Beige Book prepared for the 26-27 April FOMC meeting to show that economic momentum picked up somewhat at the end of the first quarter. We will look for color on how the industrial sector continues to adjust to the various headwinds that it has faced for the past year, the sector’s expectations for future activity, and any comments on the state of inventory investment. It will also be interesting to see the state of the consumer, especially as measures of consumer activity have been mixed. We will also look to see how the Fed districts describe the state of the housing sector, which we expect to be one of the bright spots in the economy in the medium term. We will look for additional insights on price and wage growth across the districts to determine if there are any inflationary pressures building. And, of course, any comments on the state of the labor market will be worth watching." For more information, read our latest forex news.