New Delhi, Oct. 27 -- A wave of technology earnings, fresh economic data, along with oil prices in the next few days could help decide whether Federal Reserve raises interest rates again this year.

The Federal Reserve is widely expected to leave rates unchanged at its policy meeting this week, so the focus has shifted to its Dec. 8-9 meeting.

Investors see a 10% chance of a rate increase at Wednesday's meeting, according to CME Group's FedWatch tool, but a 73% chance of an increase in December. Economists at Citigroup and Morgan Stanley also expect the Fed to resume raising rates in December, provided financial conditions don't deteriorate too much in the meantime.

There is already plenty of data to justify another increase. Inflation ...