Tuesday's bigger-than-expected increase in wage data for the first quarter is the latest in a string of economic data that has Wall Street cautious about the Fed's next move.
Rising Treasury yields are once again a headwind for stocks. Strategists don't see relief coming unless Fed Chair Jerome Powell is surprisingly dovish in his press conference on Wednesday.
After a bounceback week for stocks, a Fed meeting, jobs report, and a busy week of corporate earnings are set to greet investors.