The central event of this week was the publication of the minutes of the previous meeting of the Federal Reserve. The main statements of members of Federal Open Market Committee were about the significant reserve in the labor market, as well as the negative impact of the dollar strengthening on domestic producers that will be less competitive in case of further strengthening of the dollar. Among the risks to the economy have been noted the weaker growth in Europe, China and Japan. At the same time the rate hike by the Fed is likely to happen in August 2015. At this point, investors are closely watching the corporate reporting in the United States. We expect the decline of the American stock indexes in the medium term.