FORESIGHT
Week Promises Plenty of News
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It should be a big week for economic news. Tuesday, the Federal Reserve will release minutes of its December meeting, offering the first detailed explanation of its decision to cut interest rates effectively to zero and signal more unconventional steps to try to stimulate the economy. That same day, the Institute for Supply Management's December survey of service businesses, which is expected to show continued contraction, will be released, as will November factory orders, which are expected to have dropped once again. Friday, the December employment report is out; look for the jobless rate to spike to 7 percent, from 6.7 percent, and for employers to have slashed another 475,000 positions.
-- Neil Irwin
