The latest minutes of the Federal Reserve’s meeting in the coming week will be a key focus for investors as they seek clarity on the central bank’s interest rate hike path. The week ended with a mixed trend. The Dow Jones Industrial Average is down 0.13% for the week. The 30-stock index recorded its third consecutive negative week, its first since September. Meanwhile, the Nasdaq Composite is up 0.59% for the week, and the S&P 500 is down 0.28%. Some Fed commentary this week that suggested higher rates for a longer period of time, following a series of surprisingly strong economic data, weighed on markets. On Friday, Federal Reserve Governor Michelle Bowman said the central bank still has a long way to go to reach its 2% inflation target. On Thursday, the producer price index rose 0.7% last month, exceeding the Dow Jones consensus estimate of 0.4%. PPI tracks wholesale prices. On Tuesday, the consumer price index showed inflation rose 0.5% in January, more than economists had expected. January retail sales figures also beat expectations. Meanwhile, bond yields rose this week, with rates on the benchmark 10-year Treasury and 2-year Treasury reaching their highest levels since November. “I think the market story has shifted a bit from deflation to positive over the past few weeks, and better than expected economic data is making the idea of a soft landing more likely,” said Ned Davis of the Research Group. “For risk assets, the economy could be strong enough that the Fed will need to raise rates a few times more than expected,” said Ed Clissold, chief US strategist. The focus may shift to how strong the economic data is.” Fed Meeting Minutes For Wall Street, next week will focus more on the minutes of the Fed’s latest meeting, which are set to be released on Wednesday. Central bank officials Investors will be analyzing the minutes of the meeting for signs of panic, following some recent comments by Art. There were some people who advocated base numbers. So it will tell us how big that group is, and if any of them are voters,” said Hogan, chief market strategist at B. Riley Financial. In fact, the probability of a 50 basis point increase is now 18.1%, according to data from CME Group. That’s double what it was a week ago. Hogan is also expecting some additional insight into the Fed’s economic projections summary, or where the central bank believes terminal rates will be held steady. Other upcoming The data will give investors more insight into consumer strength. January data for existing home sales will be released Tuesday, potentially showing investors continued improvements in the housing industry. The Fed’s favorite inflation gauge – personal consumption spending – Friday Economists polled by Dow Jones expect core PCE to rise 0.5% in January and 4.4% on an annual basis. Final readings of the University of Michigan consumer sentiment data for February will also come Friday. Retail Income Meanwhile, a slice of retail earnings Rett will show Wall Street how household names like Home Depot and Walmart are managing their inventories. The results will also give investors the latest on the state of the US consumer. Other notable earnings include Nvidia. The semiconductor stock has emerged as a favorite investor thanks to the recent hype around artificial intelligence due to its software and hardware capabilities. The stock is up more than 50% this year. Next week’s calendar Monday is closed for NYSE President’s Day. Tuesday 9:45 AM ET: S&P Global Composite PMI (Feb) 10 AM: Existing Home Sales (Jan) Earnings: Home Depot, Walmart, Coinbase, Toll Brothers Wednesday 2 PM ET: Fed Minutes 5:30 PM ET: New York Fed President John Williams discusses earnings: Baidu , eBay , Nvidia Thursday 8:30 AM ET: Chicago Fed National Activity Index (Jan) 8:30 AM ET: Jobless claims (week ending February 11) 8: 30 am ET: Q4 GDP (2nd Reading) 11 am ET: Kansas City Fed Manufacturing Index (Feb) Earnings: Alibaba, Beyond Meat, Block, Booking Holdings, Warner Bros. Discovery Friday 8:30 am ET: Personal Consumption Expenditure (Jan. ) 10 a.m. ET: Consumer Sentiment (Feb) 10 a.m. ET: New Home Sales (Jan)