Investors will focus on the central bank's latest meeting minutes next week, along with earnings from major retailers.
The Federal Reserve's latest meeting minutes will be a key focal point for investors in the week ahead, as they seek clarity on the central bank's interest rate hiking path. Stocks ended the week on a mixed note. The Dow Jones Industrial Average is down 0.13% for the week. The 30-stock index notched its third negative week in a row, which is its first since September. Meanwhile, the Nasdaq Composite is up 0.59% for the week, and the S & P 500 is down 0.28%.
"We've recently started to hear from some members that there was some advocating for 50 basis points at the last meeting. So this will give us a rundown of how large that cohort is, and if any of them are voters," said Art Hogan, chief market strategist at B. Riley Financial. In fact, the likelihood of a 50 basis point hike is now 18.1%, which is double what it was one week ago, according to data from CME Group .
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