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.
The Fed's two-day meeting starts in Washington Tuesday, as President Obama and other world leaders gather in New York. Traders are watching both, as well as the meeting of G-20 leaders in Pittsburgh later in the week
On Wednesday, investors are watching the ADP private employment survey, a kind of preview to the government's monthly jobs report Friday. There is also productivity and costs at 8:30 am New York time and factory orders at 10 am. The minutes of the Fed's last minute are released at 2 pm.
"At this point, you're sort of in a no man's land waiting for Friday's number," said Daniel Greenhaus, chief global strategist at BTIG.
The bond market has turned into a punching bag for big investors, but strategists don't see yields moving much higher for now.
Treasury yields, at the longer end of the curve, look set for a technical move higher.
Check out the companies making headlines after the bell Monday: Anadarko, Brinks, Tenet & more.
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.