A highly anticipated Fed meeting, war worries, and an unblinking stock market: What to watch this week

If last week was the setup (consumer and wholesale inflation data, surging oil prices), then this week is the main event, with all eyes squarely on Washington, D.C., where the Federal Reserve on Wednesday will announce its latest rate decision. With a relatively quiet calendar otherwise, the hike vs. hold debate — and its impact on markets — will define the week. The rising yields and oil prices weighed on the stock market, which welcomed the higher-than-expected inflation report on Friday that signaled a coming Fed hike. For the week, the S&P 500 (^GSPC) rose 0.8%, and the Dow (^DJI) and Nasdaq (^IXIC) rose 0.9%. (^GSPC ) Go deeper with AlphaSpace 7,656.98 +65.28 (+0.