News Headline Summary

As a reminder, 10 minutes until the FOMC discount rate minutes - to recap...

Update details:

.. The previous discount rate minutes in November showed:

- 10 regional Fed banks wanted steady discount rate at 0.75%, Kansas City Fed again sought rise to 1% while Boston Fed wanted cut to 0.5%.
- Saw consumer spending and housing improvement.
- Saw inflation as subdued.
- Manufacturing had weakened.
- Businesses were cautious about hiring.

Print 18:52, 08 Jan 2013 - Economic commentary - Source: RANsquawk