Business week ahead, Jan. 7-11

KEY EVENT: The Federal Reserve on Wednesday releases the minutes from its December meeting. When the central bank hiked interest rates at the meeting, it provoked anger from President Donald Trump, who claimed the decision was responsible for a stock market sell-off. The minutes are expected to give insight into the decision and touch on the Fed's plans concerning rates this year.  

MONDAY: The Institute for Supply Management releases the December services-sector index, an update on economic activity in a wide range of nonmanufacturing business such as restaurants, technology and retail.

TUESDAY: The number of unfilled U.S. jobs as of Nov. 30 from the Labor Department. In the last report, there were 7.1 million job openings at the end of October, more than 1 million more jobs available than the number of people unemployed.

WEDNESDAY: Earnings from Melville industrial supplies distributor MSC Industrial Direct, Bed Bath & Beyond and consumer electronics seller Voxx International.

THURSDAY: Jobless benefits claims for the week ended Jan. 5 from the Labor Department.

FRIDAY: An update on inflation as 2018 ended: consumer prices in December from the Labor Department. The report includes a breakout of prices in 25 Northeast counties, including Long Island.