The Federal Reserve's interest rate policy is expected to be a major focus this week. A two-day meeting is set to conclude on Wednesday, potentially resulting in a benchmark interest rate increase to combat high inflation.

An update on US retail sales for August is also anticipated on Wednesday, which may provide insight into consumer spending habits amidst inflation and slower wage growth. Inflation has remained above 3% due to global oil supply disruptions.

Further details on these economic developments are available from the source, including potential factors influencing the Federal Reserve's decision and the impact of global events on inflation.