New Delhi, July 26 -- Wall Street is preparing for a crucial week as investors await the US Federal Reserve's latest interest rate decision, a fresh batch of economic data and quarterly earnings from four of the Magnificent Seven technology companies.

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. However, market participants will closely examine the central bank's accompanying statement and Chair Kevin Warsh's comments for signals on whether policymakers could resume rate hikes at their September meeting, particularly after the recent spike in global energy prices.

The policy meeting follows a series of softer-than-expected US economic...