Stocks were mixed on Friday as investors sought more clarity on what the Federal Reserve will do next.

The Fed surprised investors on Wednesday when it kept its stimulus going at $85 billion a month, rather than trimming it as most expected.

Investors may get new clues on Friday after several Fed officials speak. St. Louis Fed president James Bullard told Bloomberg that it's possible the Fed will reduce its bond-buying at its next meeting in October, depending on what economic data show. The presidents of Federal Reserve branches in Minneapolis and Kansas City, Mo., are also scheduled to speak on Friday.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.