News Headline Summary

FOMC discount rate minutes show that 10 regional Fed banks wanted steady discount rate at 0.75%, Kansas City Fed again sought to rise to 1% while Boston Fed wanted to cut to 0.5%

Fed Officials Say:
- Cautiously optimistic about economic growth at December meeting.
- Economic activity mixed acorns sectors.
- See strength in autos, no sign of other manufacturing gains.
- Fed Regional bank directors saw inflation as subdued.

Reaction details (19:05)

- No reaction observed across the asset classes following this news.

Analysis details (19:05)

- These comments are almost identical in nature to those from the previous FOMC Discount Rate minutes.

08 Jan 2013 - 19:00 - - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: