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The Week Ahead: Closely Watching the Fed Meeting

Though the chance of a rate hike seems slim, the Fed's statement will offer clues on what's next. Plus, housing data and earnings from Adobe and FedEx.

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Jeremy Glaser: The Fed meeting will likely be the highlight of the week ahead, along with housing data and a smattering of earnings.

The market thinks the chance of a rate hike at the central bank's meeting this week are virtually nil, but the statement will be eyed for the committee's read on if inflation will bounce back and for more information on how and when they plan to begin the balance sheet normalization process.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.