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Investors await Fed minutes, more bad news for Chinese tech companies, and vaccine hesitancy is becoming a greater problem.
Today’s release of the minutes of the Federal Reserve’s June meeting at 2:00 p.m. Eastern Time will be closely watched by investors after the FOMC’s surprise hawkish pivot. The main focus will be on any hints regarding the tapering of asset purchases, with several regional Fed presidents commenting on the issue in the wake of last month’s meeting. Attention will also be paid to any comments in the release on the expected path for inflation, which will interpreted in light of the recent spike in oil prices.