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Look to the consumer's mood ahead of the Fed

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Retail sales and consumer sentiment Friday morning will provide one last look at the mood of consumers, before Fed officials meet next week to consider a rate hike for the first time in nine years.

There is also the Producer Price Index, inflation data at 8:30 a.m. ET, and business inventories at 10 a.m. ET. PPI is expected to be flat, and consumer inflation data, CPI, is released Tuesday.

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"I think retail sales and CPI are the two main reports. We have six or so other indicators. It's pretty hard to see the data coming enough to swing their decision," said J.P. Morgan economist Daniel Silver. The Fed is widely expected to vote to hike its target fed funds rate when it meets Tuesday and Wednesday, and J.P. Morgan expects four more hikes next year.