The recent statements from the FOMC suggested that whilst tapering is underway, rate hikes are not on the agenda. But, an article over the weekend from well known Fed watcher Hilsenrath at the WSJ opines that improved jobs data could encourage the Fed to start hiking rates sooner than planned.
Janet Yellen will front two separate government panels this week with prepared statements, but the Q&A afterwards might give us a closer insight into whether their thinking has changed or not.