Recapping the day's news and newsmakers through the lens of CNBC.
Federal Reserve officials may be getting closer to tapering the central bank's controversial bond-buying program, but minutes from the most recent meeting show some hesitation remains.
The Fed notes showed that all participants said they were broadly comfortable with the characterization of the contingent outlook for asset purchases that was presented in the June post-meeting press conference and in the July monetary policy testimony, and were satisfied that investors had come to understand the data-dependent nature of the Fed's thinking.
"The latest FOMC minutes suggest the Fed wants to keep us on tenterhooks over the timing of tapering its bond-buying appetite."—Andrew Wilkinson, chief market economist at Miller Tabak