Trump and Xi dine with AI titans and Meta takes the stage: What to watch this week

This week's financial programming features a lighter schedule due to the Fed decision and most of the earnings season concluding. President Trump and Chinese President Xi Jinping will meet, featuring top AI figures. Meta is hosting its Connect conference, unveiling a new pair of glasses and introducing a subscription platform called Meta One.

The meeting between Trump and Xi is expected to discuss trade truce and contentious issues like Taiwan and potential conflict with Iran. Investors will analyze the impact of the Fed's rate hike on inflation and the economy. Other economic data includes Chicago Fed's national activity index, ADP employment change, and various PMI readings.

Earnings reports for Costco Wholesale Corporation and Darden Restaurants will provide insights into consumer behavior amid rising mortgage rates.