Investors await crucial inflation data next week which may decide the Fed's interest rate move. The S&P 500 index is nearing its record high while facing market volatility. Producer and Consumer Price Index reports will offer insights into August's inflation trends. Odds for a Fed rate hike are currently around a coin flip. Treasury yields and AI trade developments also remain key market concerns.

US stocks traded higher as Fed Governor Christopher Waller said he could support holding interest rates steady if inflation continues to cool. Investors are now watching Friday's…

Wall Street will get several important updates about inflation this week