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Investors Scrutinize Fed Minutes as Market Rally Stalls

Wall Street is bracing for a volatile week as investors hunt for clues on interest-rate hikes within upcoming Federal Reserve minutes. With the recent tech-driven rally losing steam, the market is pivoting toward a new earnings cycle, looking to Delta Air Lines and PepsiCo for signals on economic health.

The tech sector, which anchored much of the market's recent gains, has recently succumbed to dramatic price swings, leaving investors searching for stability elsewhere. Many are hopeful that capital will rotate into more defensive sectors like healthcare and finance to offset the uncertainty surrounding high-growth stocks.

Central to the week's outlook is the debut of Federal Reserve Chair Kevin Warsh. His stated commitment to price stability has heightened anticipation regarding the Fed's stance on inflation, particularly as energy costs continue to exert pressure. Market participants are closely watching for signs of division among officials, as any discord regarding the pace of future rate increases could trigger significant shifts in equity pricing.

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