Wall Street Braces for Busy Week with Fed Minutes and Key Economic Reports

Wall Street is bracing for a busy week ahead, with several key economic updates and details about the Federal Reserve's decision to raise interest rates at its last meeting.

The reports will provide insight into how businesses and households are adapting to persistently high inflation, as well as the central bank's thinking on interest rate policy.

On Monday, the Institute for Supply Management will release its monthly service sector index for September, which focuses on whether this critical sector is expanding. The services sector makes up a significant portion of U.S. economic activity.

On Wednesday, investors will get more details about the Fed's decision-making process behind the interest rate increase, as the minutes from the previous meeting are released. This could provide insight into what the central bank thinks about inflation and the job market and how they factor into interest rate policy.