The Federal Reserve will steal the focus from another onslaught of earnings in the coming week with investors still wary over the central bank's rate-hike timetable. 

Members of the Federal Open Market Committee will convene on Tuesday for a two-day meeting, followed by an announcement on Wednesday afternoon. Fed Chair Janet Yellen won't hold a press conference following the meeting. 

Investors are fairly confident the Fed will not make a move in July, though the Fed statement will be analyzed with a fine-tooth comb for hints as to when the central bank might adjust its monetary policy. A rate hike in July currently has a 2.4% probability, according to CME Group Fed funds futures. A December rate hike is the most likely with a 40% chance. 

"Despite favorable domestic data releases and the resolution of the U.K.-Leave vote, we do not expect a rate hike at the July meeting," UBS analysts wrote in a note. "The FOMC will most likely acknowledge the data updates as encouraging signs for the economy and note that they will continue to monitor global financial developments."

In other Fedspeak in the coming week, San Francisco Fed President John Williams will deliver a speech on the tools in the central bank's arsenal in Massachusetts on Friday morning, while Dallas Fed President Rob Kaplan addresses the Independent Bankers Association of New Mexico's Annual Meeting that afternoon.

Also on the economic calendar, new home sales for June will be released Tuesday morning, last month's durable goods orders will be issued on Wednesday, and international trade for June will be released on Thursday. 

An estimate for second-quarter economic growth will cap off the week on Friday morning. TD Securities estimates U.S. growth to rise 2.5% in the three months to June, recovering from the disappointing 1.1% pace in the first quarter. 

"The rebound is expected to be driven by personal spending activity, which should boast its strongest gain in two years," TD analysts wrote in a note. "However, we see downside risks to consensus owing to the potential for a weaker inventory contribution. The market will also take some cue from the tone of the benchmark revisions to GDP, which we expect to be mildly positive."

Quarterly reports will continue to come in at a breakneck pace. Earnings are expected to decline by roughly 4% from the year-ago quarter, according to the Thomson Reuters consensus estimate. That marks five straight quarters of declines, the worst losing streak since the financial crisis. However, many analysts believe this quarter will act as a bottom for coming quarters to rebound from.

In the tech and telecom sectors, Texas Instruments(TXN) - Get Report and Sprint(S) - Get Report will report on Monday; Apple(AAPL) - Get Report , Match(MTCH) - Get Report , Twitter(TWTR) - Get Report  and Verizon on Tuesday; Angie's List(ANGI) - Get Report , Facebook(FB) - Get Report , GoPro(GPRO) - Get Report , Groupon(GRPN) - Get Report , IAC (IACI) , Netgear(NTGR) - Get Report on Wednesday; Alphabet(GOOGL) - Get Report , Amazon(AMZN) - Get Report , Baidu(BIDU) - Get Report , Expedia(EXPE) - Get Report  and Western Digital(WDC) - Get Report on Thursday; and Xerox(XRX) - Get Report on Friday. 

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Health care stocks will also report in the coming week. Express Scripts (ESRX) and Gilead Sciences(GILD) - Get Report will report on Monday; Eli Lilly(LLY) - Get Report on Tuesday; Amgen(AMGN) - Get Report and Anthem(ANTM) - Get Report on Wednesday; Bristol-Myers(BMY) - Get Report on Thursday; and AbbVie(ABBV) - Get Report  and Merck(MRK) - Get Report on Friday. 

Consumer stocks Kimberly-Clark(KMB) - Get Report , Buffalo Wild Wings (BWLD) , JetBlue(JBLU) - Get Report , McDonald's(MCD) - Get Report , Under Armour(UA) - Get Report , Coca-Cola(KO) - Get Report , Lumber Liquidators(LL) - Get Report , Mondelez(MDLZ) - Get Report , Whole Foods (WFM) , Colgate-Palmolive(CL) - Get Report , Ford Motor(F) - Get Report , Harley-Davidson(HOG) - Get Report , Anheuser-Busch(BUD) - Get Report  and Bloomin' Brands(BLMN) - Get Report are also set to report. 

Other notable earnings in the coming week include 3M(MMM) - Get Report , BP(BP) - Get Report , Caterpillar(CAT) - Get Report , DuPont(DD) - Get Report , United States Steel(X) - Get Report , Boeing(BA) - Get Report , Comcast(CMCSA) - Get Report , Hess(HES) - Get Report , Baker Hughes (BHI) , CBS(CBS) - Get Report , ConocoPhillips(COP) - Get Report , Credit Suisse(CS) - Get Report , Mastercard(MA) - Get Report , Shell (RDS.A) , Barclays(BCS) - Get Report , Chevron(CVX) - Get Report  and UBS(UBS) - Get Report

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