Markets enter a data-light week focused on services sector assessment and Fed policy insights. Monday's comprehensive services PMI and ISM Non-Manufacturing data reveal business activity trends. Wednesday's FOMC meeting minutes at 2:00pm will provide Fed Chair Kevin Warsh's policy deliberations. Consecutive bond auctions Wednesday and Thursday test investor appetite for longer-duration Treasuries. Oil prices and rising interest rates continue constraining equity valuations throughout the week. PepsiCo (PEP) Thursday and Delta Air Lines (DAL) Friday test consumer staples and airline sector resilience amid economic pressures.
Here are 5 things to watch this week in the Market.