Tomorrow's Headliners: Fed

On Wednesday, it's all about the Federal Reserve.

That's when the U.S. central bank will wrap up a two-day policy meeting, and most market observers are looking for a 50-basis-point cut in the fed funds rate as the Fed attempts to keep the economy from entering a recession.

Since the official announcement won't come out until 2:15 p.m. EST, traders will have plenty of time to digest the day's earnings.

News You Need: Amazon, Altria

Expected are results from Altria (MO Quote - Cramer on MO - Stock Picks), Boeing (BA Quote - Cramer on BA - Stock Picks), Kodak (EK Quote - Cramer on EK - Stock Picks), Kraft (KFT Quote - Cramer on KFT - Stock Picks), Merck (MRK Quote - Cramer on MRK - Stock Picks), SAP (SAP Quote - Cramer on SAP - Stock Picks), Amazon.com (AMZN Quote - Cramer on AMZN - Stock Picks), JDSU (JDSU Quote - Cramer on JDSU - Stock Picks) and Starbucks (SBUX Quote - Cramer on SBUX - Stock Picks), among others.

Aside from the Fed, the economic calendar will also feature the advance report on fourth-quarter gross domestic product and the ADP employment report.

On TheStreet.com, Priya Ganapati will examine whether Apple's (AAPL Quote - Cramer on AAPL - Stock Picks) iPhone sales goals are realistic, and Nicholas Yulico will explain why Home Depot (HD Quote - Cramer on HD - Stock Picks) could be a buy right now.