Major US stock indices extended losses over the week as August CPI report gave market participants a reality check. It renewed concerns about persistently high inflation, an aggressive Fed rate-hike path, and a potential hard landing that would undercut current earnings estimates. Nasdaq composite closed almost -5.5% lower, while S&P 500 and the Dow dropped -4.8% and -4.1%, respectively. This marks the fourth losing week out of the last five weeks for stocks and Tuesday’s sell-off was the fifth-largest point loss for the S&P 500 in history. Next week will be dominated by interest rates decisions by the major central banks including Federal Reserve, with policymakers widely expected to deliver a third straight 75-basis-point rate hike on Wednesday. Meanwhile, U.S. stocks look set for another volatile week amid fears that higher interest rates will see the economy run into trouble. Here’s what you need to know to start your week. 1. Fed decision