The Federal Reserve is widely expected to keep its benchmark interest rate unchanged in the 3.50%-3.75% range when it announces its policy decision this week.

The central bank's move is seen as a hold, reflecting a cautious stance as policymakers assess the latest economic data before making any further adjustments to monetary policy.

Wall Street is preparing for a crucial week defined by the convergence of this monetary policy decision and the commencement of the Wall Street earnings season.

Investors are closely watching quarterly earnings from four of the Magnificent Seven technology companies, with Meta Platforms (META) among the key reports due.

The performance of these tech giants will provide critical insights into consumer spending and advertising revenue trends, which are vital for gauging the broader economic health.

Beyond domestic policy and corporate results, geopolitical risks remain a significant focus for market participants.