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Data in focus as investors digest the Fed minutes

Data in focus as investors digest Fed minutes

Investors will look at a series of backward-looking data on Thursday as the market attempts to pin down the timing of a Fed rate hike.

Stocks pared losses but failed to turn completely positive following the release of the surprisingly dovish Fed minutes at 2 p.m. on Wednesday.

"The markets are weighing soft economic data against a Fed that is not entering strengthening," said Ben Garber, economist at Moody's Analytics.