Patti Domm is CNBC executive news editor, responsible for news coverage of the markets and economy. Prior to joining CNBC in 1999 as senior news editor, Domm was the equities editor for the Americas at Reuters. She was also Wall Street editor at Reuters, reporting on mergers, acquisitions and the Street. She also edited three CNBC books on personal investing. Domm serves on the board of the Financial Womens Association of New York.
A smattering of secondary economic reports and several big retailers' earnings fill what could otherwise be a quiet week, in which markets sort out big moves in interest rates and currencies.
Cisco's warnings about an uncertain environment will likely pressure stocks Thursday and give investors even more reason to fear a weakening economy.
The Fed signaled a dimmer view of the economic recovery and reverted to extraordinary policy moves.
What the Fed will say in its Tuesday statement is at the heart of a debate among Wall Street's deeply-divided economists over what steps, if any, the central bank will take.
Economists expect the July employment report to show a loss of 65,000 jobs and a slightly higher unemployment rate of 9.6 percent.
Markets are bracing for a not-so-good July jobs report, which should show a continued sluggish recovery in private sector payrolls.
The American consumer is a major theme Thursday, as chain stores report their monthly sales.
A report on the health of the service sector, and ADP's private sector jobs report are of big interest to markets that are already counting down to Friday's July employment report.
Stocks should continue to dance around all-time highs, as traders watch for catalysts in economic data and bond yields.
NYSE gets a facelift
The CBOE Volatility Index fell below 12 as Federal Reserve Chair Janet Yellen began speaking.
Fed Chair Janet Yellen stuck to her script Friday, even though traders had hoped CPI data would force her to give a nod to improved data.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
Senior Producer at CNBC's Breaking News Desk.
Dominic Chu is a markets reporter for CNBC.
Evelyn Cheng is a markets writer for CNBC.
Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.