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Markets Slip as Investors Turn Focus to Fed


Wall Street started out the week in the red, holding onto modest losses through to the end of Monday's session.

The S&P 500 was down 0.18%, the Dow Jones Industrial Average fell 0.15%, and the Nasdaq declined 0.21%.

The Federal Reserve was the subject of investor focus ahead of the beginning of its members' April meeting on Tuesday morning. As usual, the central bank's Federal Open Market Committee will convene for a two-day meeting which concludes on Wednesday afternoon with an announcement.

While the chances of an interest rate hike are slim, investors will be keen to gauge how willing members are to move at the next meeting in June.

The Fed "is likely to keep all of the Fed's options open, feature few changes and present a cautiously optimistic view of the economy," BNP Paribas analysts wrote in a note. "Since the March FOMC meeting, the major change in the data has been an improvement in financial conditions. While the Committee may feel that the upside and downside risks are a bit more balanced than they were in March, we still expect April's policy statement to highlight the risks to the outlook."

Fed funds futures are currently pricing in the chances of an April rate hike at just 2%, while a June hike has a 17% probability and September has a 47% chance, according to CME Group.

It's also a massive week for earnings with Apple (AAPL) , AT&T (T) , Twitter (TWTR) , Facebook (FB) and Amazon (AMZN) set...