Wall St Week Ahead: Investors To Watch Fed Minutes, Jobs Data

wochit business
January 05, 2014 AT 9:54 AM
Investors in U.S. stocks will be looking to Washington next week, awaiting key jobs data and minutes from the Federal Reserve's most recent meeting, when it decided to cut its unprecedented monetary stimulus. Minutes from the Fed's December 17-18 meeting, when the central bank announced its plan to reduce monthly asset purchases by $10 billion to $75 billion, could give further insight into the reasons behind the decision and offer clues about how quickly the Fed will wind down the stimulus. Recent data, including Thursday's factory activity report, confirmed underlying strength in the economy, suggesting the Fed was justified in its move.