Fed officials will have to keep quiet after Monday when it comes to their thoughts about policy, but investors could get plenty to stew over before the day is through.
Fed Governor Lael Brainard will deliver remarks at 1 p.m. EDT, and the market is on edge over what she will say. Considered a close ally of Fed Chair Janet Yellen, Brainard's remarks likely will go a long way toward indicating where the Federal Open Market Committee stands on interest rates.
After today, Fed officials can't give speeches until after the Sept. 20-21 FOMC gathering.
Brainard has gained a reputation as a dove, meaning she is generally in favor of keeping rates low. In fact, remarks she made earlier this year showed she is even more cautious about rate hikes than Yellen.
Whispers have been traveling through the market, though, that her remarks to The Chicago Council on Global Affairs could show a change in mindset. If that turns out to the be case, markets could revolt.
Stocks sold off sharply Friday amid talk of Fed tightening and opened lower Monday ahead of the Brainard speech.
Atlanta Fed President Dennis Lockhart added to the tension Monday morning when he said a rate hike warrants "serious discussion" at the meeting.