Federal Reserve speakers galore Monday morning, but the schedule no longer includes Fed's Williams at 9:45 am ET. It does include St. Louis Federal Reserve Bank President Alberto Musalem at 10 AM ET at the Brookings Institution, Cleveland Fed President Beth Hammack at 12 noon ET at the Cleveland Fed, and Richmond Fed President Tom Barkin at 12 noon ET at the Howard County (Maryland) Chamber of Commerce. Quite interesting will be Governor Stephen Miran at 12 noon at the Economic Club of New York.

Lots of interest in how Fed officials expand on the Fed's message after Fed Chair Jerome Powell described last week's decision as a risk management cut and said policy was meeting to meeting. That was not reassuring for people who thought three rate cuts by year end were baked in the cake.

Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.

Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.