Fed Decision, Retail Sales and Other Can't Miss Items This Week

This week, markets are focused on the Federal Reserve's critical September rate decision. At 2:00pm, Chair Kevin Warsh will deliver his press conference to set the policy direction amidst speculation of rate hikes. August retail sales, which will be released at 8:30am, provide an important context for the Fed decision by showcasing consumer spending trends.

Thursday will see the release of the Philadelphia Fed Manufacturing Index and jobless claims, completing the economic assessment. Oil price volatility and elevated bond yields continue to pressure equity valuations, adding to the complexities of the week.