The direction of Wall Street may be determined by the outcome of a policy meeting. This meeting, which concludes on Wednesday, will reveal the Federal Reserve's decision on interest rates. Persistent inflation has made the central bank's task more complicated.

Further details on the economy's health are expected to be revealed through retail sales data. This data will show how consumers are spending despite high prices.

More information on the upcoming events and their potential impact is available from the source, which notes that investors worldwide are closely watching these developments.