News Headline Summary
Fed discount rate minutes show that 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%
- Fed Bank Directors said:
- Saw consumer spending and housing improvement.
- Saw inflation as subdued.
- Manufacturing had weakened.
- Businesses were cautious about hiring.
20 Nov 2012 - 15:00
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