"Market Watch: Fed, Earnings, and Labor Day Impact"

This week, investors will have a lighter economic calendar and a holiday-shortened week, with the focus on the Federal Reserve's upcoming interest rate decision. The US markets will be closed on Monday for Labor Day. Key highlights include updates on the services sector, the release of the Federal Reserve's Beige Book report, and a few corporate earnings reports. Last week, the US labor market showed signs of slowing, with the August jobs report indicating a rise in the unemployment rate and a drop in job openings. As a result, expectations for a rate hike at the Fed's September meeting have decreased, with markets now pricing in a 94% chance of rates remaining unchanged.