HERE COMES THE FED'S BEIGE BOOK...

Heads up! We are minutes away from the release of the Federal Reserve's latest Beige Book, due out at 2 PM ET.

The Beige Book is a collection of anecdotes from business leaders across each of the 12 Fed districts that span the nation.

"The Beige Book report could prove more interesting than usual, potentially providing additional anecdotal evidence that the recent slowdown in U.S. economic activity can be attributed to weather," says Gennadiy Goldberg, a U.S. strategist at TD Securities.

"This could help markets further discount the already small chance of the Fed halting tapering at the March FOMC meeting."

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