Fed Interest Rate Hike Looms Large Over Wall Street This Week

Wall Street is set for a busy week as the market awaits key economic updates and details about the Federal Reserve's decision to raise interest rates at its last meeting.

The Fed raised interest rates by a quarter point in September, marking the third consecutive increase in borrowing costs this year. The move was seen as a signal that the central bank remains committed to fighting inflation.

However, some analysts have expressed concerns that higher interest rates could slow down economic growth and lead to a recession. 'It's not just about interest rates,' said Edward Curran, who works on the floor at the New York Stock Exchange in New York. 'It's about how it affects the economy as a whole.'

On tap for this week are key releases including Fed minutes from the last meeting, unemployment data, and an update on consumer sentiment.