Krystal Hur

The Federal Reserve is expected to continue with its yearlong streak of rate hikes on Wednesday. But the move to further slow the economy comes amid turmoil in the banking sector and a crucial deadline for raising the debt ceiling.

Amid stresses in the banking sector, investors are waiting for the closely watched monthly employment situation summary, more commonly known as the April jobs report, on Friday morning.

Stocks saw a comeback on Friday after four consecutive days of declines. But there are several key signs that show the market is far from shedding its worries.

Despite the looming debt ceiling crisis that has taken center stage in Washington in recent weeks, lawmakers haven't forgotten about the other financial crisis this year: the March bank failures that set off turmoil in the regional banking sector.

The Senate Banking Committee is set to grill executives from failed banks Silicon Valley Bank and Signature Bank. Markets will also be paying close attention to the latest retail sales and housing data for any signs that the economy is slowing.

Wall Street has a busy day on Thursday, with a slew of housing data, the latest jobless claims, another banking hearing and ongoing discussions over the debt ceiling crisis.

Will the Federal Reserve hike rates at its next meeting in June — for the 11th time in a row — or pause? Wall Street seems to be betting on the latter, but it was a topsy-turvy journey to that consensus last week.

Wall Street expects the Federal Reserve to raise interest rates in June. Not only that, it finally believes the central bank when it says it likely won’t cut rates this year.

The Dow surged over 700 points mid-afternoon Friday as investors applauded Congress’s passage of the debt ceiling deal and celebrated a cheerful jobs report.

The S&P 500 index on Friday closed at its highest level in almost a year. But that doesn’t mean that stocks are poised for a bull run just yet.