It seems likely that the Fed will be forced to wait until later this year before raising rates from record lows.
Wages and inflation are still not rising significantly and even hiring has had a setback.
However, many analysts expect the Fed to make it clear in its policy statement that it is inclined to take the first solid opportunity it can find to set extraordinarily accommodative interest rate policy back on a more normal path.
GDP figures for the first quarter of 2015 are also due out this week.
In addition, Apple reports today, while several companies in the healthcare sector are set to report this week, including Merck and Pfizer.