Trading Radar: FOMC Minutes To Offer Investors QE Clues

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Trading Radar: FOMC Minutes To Offer Investors QE Clues

by Wochit 0:47 mins

Trading Radar: FOMC Minutes To Offer Investors QE Clues

by Wochit 0:47 mins

US equities turned lower to start off the year a very infrequent occurrence. Looking forward the near-term direction of equities will be determined by the strength in employment and the rate at which monetary stimulus is withdrawn. Next Friday the Labor Department will release the December 2013 nonfarm payrolls report. Economists estimate that the unemployment rate will remain unchanged at 7 percent despite an estimated 193,000 new jobs that are expected to have been added to the workforce. The ADP private payrolls report is due out next Wednesday morning; it will offer a preliminary idea of what job growth in December will look like.

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