Top 5 things to watch in markets in the week ahead By


© Reuters

By Noreen Burke — The Federal Reserve’s latest meeting minutes will be in the spotlight amid renewed uncertainty over how high interest rates may ultimately rise in the central bank’s battle against inflation. Personal income and spending data on Friday will give more insight into price pressures, while earnings from major retailers will shed some light on how consumers are faring amid soaring prices. The Eurozone is to release flash PMI data and testimony from the incoming Bank of Japan governor may give more insight into his monetary policy stance. Here’s what you need to know to start your week.

1. Fed minutes

On Wednesday the Fed is to publish the of its January meeting, when it scaled back the pace of interest rate hikes to 25 basis points after a year of outsize increases.

Since then, data has shown the decline in the annual rate of inflation has stalled while rose by the most in seven months in January.

Together with a strong U.S. jobs report for January, the data has prompted investors to reevaluate expectations for how high the…

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