Let it ride or lock it in? | Big Fed meeting ahead | Value manager up 40% this year

The Federal Reserve is expected in the week ahead to take its first big step away from the easy policy it put in place to fight the pandemic.

VIEW IN BROWSER | SUBSCRIBE SAT, OCT 30, 2021 WEEKEND BRIEF EDITOR'S NOTE The Federal Reserve is expected in the week ahead to take its first big step away from the easy policy it put in place to fight the pandemic.   On Wednesday, the central bank is expected to announce that it is beginning the process of tapering back its bond purchases. What will be most important for markets is how it discusses inflation, now running at a 30-year high. If the Fed states that inflation could be more than a temporary phenomena from the reopening economy, that could raise expectations the central bank will raise interest rates sooner.   There is also the employment report for October, which could show more than 400,000 jobs were created, a big improvement over September's report. Dozens more earnings releases will hit the Street as well, including Pfizer and Moderna. Patti Domm | CNBC Markets Editor @pattidomm THE WEEK AHEAD Markets could be challenged in the week ahead as the Fed prepares to reverse easy policy   MICHAEL SANTOLI'S MARKET COLUMN Let it ride or lock it in? What to do in the final months of 2021 with the S&P 500 up 22% ACTIVIST SPOTLIGHT Starboard Value spots fresh opportunities for diversified tech company Colfax   YOUR WEEKEND BRIEFING  FDA authorizes Pfizer's Covid vaccine for kids ages 5 to 11, shots could begin early next week with CDC clearance This mutual fund has jumped 40% this year with a value strategy. Here's how its manager picks stocks Cramer's week ahead: Semiconductor shortage to be in focus yet again G-20 leaders endorse global minimum corporate tax deal for 2023 start ESG keeps pulling in lots of money, even as strategy is no longer outperforming as much Facebook's Meta mission was laid out in a 2018 paper declaring 'The Metaverse is ours to lose'     Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS