Federal Reserve Decision and Retail Sales Data to Drive Markets This Week

The Federal Reserve's decision on interest rates and an update on retail sales will be the main focus for Wall Street this week.

According to AP, Christian Magoon, CEO of Amplify ETFs, is one of several experts who will be closely watching the Fed's move. The Fed has been raising interest rates in an effort to combat inflation, but some economists believe they may need to pause or even cut rates due to signs of a slowing economy.

The retail sales update will also provide important data on consumer spending, which can have a significant impact on the overall health of the US economy. With inflation still a concern and the possibility of a recession looming, investors will be closely watching these numbers for any signs of weakness or strength.