Traders work on the floor of the New York Stock Exchange June 13, 2014. REUTERS/Brendan McDermid
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Investors will look to the Federal Reserve for reassurance in the coming week, with little economic data to assuage their concerns over the strength of the global recovery, amid signs Iraq may be sliding into civil war.The Fed, which wraps up a policy meeting Wednesday, is expected to keep steadily reducing its massive bond-buying stimulus by $10 billion per month.Financial markets will be listening out for any hints on when the U.S. central bank might begin raising interest rates.It said the notion that U.S. monetary policy has reached a turning point could be strengthened if the Fed policymakers' median rate forecast for the end of 2016 stays at 2.25 percent, where it stood in March, up from 1.75 percent in December.The monetary policy outlook will also be in focus in Britain after Bank of England Governor Mark Carney stunned the markets by saying rates could rise sooner than financial markets expect.
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