Fed Rate Decision in Focus as US Stock Market Braces for Key Data

The upcoming week will be pivotal for the US stock market as investors worldwide closely watch the Federal Reserve's interest rate decision and key economic data.

The Fed's two-day policy meeting, which concludes on Wednesday, has the potential to set the direction for Wall Street. Additionally, the release of August retail sales data during the week will provide another important indication of the economy's health.

Persistent inflation above 3% has complicated the central bank's task, raising questions over whether policymakers will keep rates unchanged or signal another increase.