Markets converge Wednesday on Federal Reserve's critical September rate decision at 2:00pm. Fed Chair Kevin Warsh's press conference at 2:30pm will establish policy direction amid rate hike speculation. August retail sales at 8:30am precede the Fed decision providing consumer spending context. Thursday's Philadelphia Fed Manufacturing Index and jobless claims complete economic assessment. Oil price volatility and elevated bond yields continue pressuring equity valuations. The week's convergence of retail data, Fed decision, and employment indicators establishes market trajectory heading into final quarter.
Here are 5 things to watch this week in the Market.