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EDITOR'S NOTE
The Federal Reserve is expected in the week ahead to take its first big step away from the easy policy it put in place to fight the pandemic.
On Wednesday, the central bank is expected to announce that it is beginning the process of tapering back its bond purchases. What will be most important for markets is how it discusses inflation, now running at a 30-year high. If the Fed states that inflation could be more than a temporary phenomena from the reopening economy, that could raise expectations the central bank will raise interest rates sooner.
There is also the employment report for October, which could show more than 400,000 jobs were created, a big improvement over September's report. Dozens more earnings releases will hit the Street as well, including Pfizer and Moderna.
THE WEEK AHEAD
MICHAEL SANTOLI'S MARKET COLUMN
ACTIVIST SPOTLIGHT
YOUR WEEKEND BRIEFING
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