Investors reviewed minutes from the Federal Reserve’s January meeting, noting that several participants indicated support for a two-sided description of future rate decisions, suggesting they would back further rate hikes if inflation remains above the Fed’s 2% target. This hawkish language has pushed back expectations for rate cuts until later in the year, reinforcing a higher interest-rate environment for capital-intensive industries.

Deere is scheduled to release its quarterly results later this week, offering insight into farm-equipment sales resilience as higher borrowing costs challenge agricultural capital investments. Analysts will focus on order backlogs and pricing trends to gauge Deere’s ability to offset margin pressure from sustained elevated rates.