NEW YORK ( TheStreet) -- This is a an important week with the Federal Reserve's Federal Open Market Committee meeting. TheStreet's Brittany Umar, Andrew Krill and Lindsey Bell break down what to watch for this week.

On Tuesday, the two-day FOMC meeting begins and the Fed will determine whether it will reduce its $85 billion per month bond-buying stimulus plan. Krill added that he's looking for a small cut to the tune of $5 billion to $10 billion per month.

Also on Tuesday are Adobe's ( ADBE) earnings report and analyst meetings for Salesforce.com ( CRM) and Cummins ( CMI).

On Wednesday morning, housing starts data will be released at 8:30 a.m. EDT, and earnings reports from FedEx ( FDX) and General Mills ( GIS) will come before the open.

Oracle ( ORCL) will report earnings after the close and Dick's Sporting Goods ( DKS) has an analyst meeting.

Pier 1 Imports ( PIR), Rite Aid ( RAD) and ConAgra Foods ( CAG) all report earnings before the open, and Microsoft ( MSFT) has an analyst meeting.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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