Stocks: Fed and 3 things to watch this week

  @emilyjanefox June 16, 2013: 11:52 AM ET
Dow5day

Click the chart for more stock market data.

NEW YORK (CNNMoney)

All eyes will be on the Federal Reserve this week, as investors await clarity on what the central bank will do next.

The Fed has a policy meeting, and chairman Ben Bernanke will speak at a press conference on Wednesday.

The remarks are being closely watched since it's been a bumpy ride for markets after Bernanke last month said the Fed may start slowing its stimulus program in just a "few meetings."

Related: Fear & Green Index

The confusion over how Bernanke defines "few" has led to turmoil in the markets, pushing the benchmark 10-year Treasury yield to grind higher.

While investors will be parsing each word to come out of Bernanke's mouth, most economists do not expect any major change in policy to be announced.

CNNMoney asked 39 economists and investment strategist for their predictions about what the Fed will do next, and nearly two-thirds said they don't think the Fed will slow its monthly asset purchases until at least December. Some even believed the Fed's so-called "tapering" may not begin until 2014.

Besides the Fed, investors will also be closely monitoring the health of the U.S. economy with data from three key areas throughout the week:

- Housing: Housing starts and building permits will be released on Tuesday, followed by existing home sales and the MBA mortgage index through Thursday.

- Manufacturing: Empire manufacturing comes on Monday, followed by crude inventories on Wednesday.

- Jobs: Initial claims will be released on Thursday.

Last week, all three indexes ended lower. Both the Dow Jones Industrial Average and Nasdaq fell more than 1%, while the S&P 500 declined 0.9%. To top of page



Join the Conversation
Markets
Sponsored by
Index Last Change % Change
Dow 16,408.54 -16.31 -0.10%
Nasdaq 4,095.52 9.29 0.23%
S&P 500 1,864.85 2.54 0.14%
Treasuries 2.72 0.08 3.19%
Data as of 3:04pm ET
Company Price Change % Change
Bank of America Corp... 16.15 0.00 0.00%
Facebook Inc 58.94 0.00 0.00%
General Electric Co 26.56 0.00 0.00%
Cisco Systems Inc 23.19 -0.02 -0.09%
Micron Technology In... 23.91 0.00 0.00%
Data as of Apr 17
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.36%4.24%
15 yr fixed3.39%3.26%
5/1 ARM3.36%3.27%
30 yr refi4.34%4.22%
15 yr refi3.38%3.24%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.