Federal Reserve Decision Looms as Wall Street Watches Interest Rates

The Federal Reserve will be the main focus for Wall Street this week as it holds its two-day meeting to decide on interest rates. The central bank may raise its benchmark interest rate to combat high inflation, a move that could have significant implications for the US economy.

On Wednesday, investors will also receive an update on US retail sales for August, which could provide insight into how consumers are spending their money amid higher prices and inflation.

The Federal Reserve's decision on interest rates has been closely watched by market participants, with many expecting a rate hike to help tame inflation. However, some analysts have cautioned that a rapid pace of rate hikes could slow down economic growth.