Interest-rate futures indicate a 90% chance of a 25 basis-point hike after the Federal Reserve's monetary policy committee concludes its June meeting today.
But that "will be the least exciting aspect of the meeting," said Ryan Sweet, director of real-time economics. Developments to watch for include the Fed's assessment of inflation, which remains below its target; the timing of future rate hikes and plans to wind down a $4.5 trillion balance sheet.
Follow TheStreet's live blog below to find out more about the central bank's decisions mean for you.
What's Smoking Hot on TheStreet
Amazon car-dealer talk won't go away: This news continues to spread around the globe, probably sparking fear in the minds of all used-car salespeople. As TheStreet reported this week, Amazon (AMZN - Get Report) has reportedly taken early steps to become an online car dealership in Europe, according to a German trade weekly called Automobilwoche. The German newspaper cites Christoph Moeller, an industry specialist, as saying he has been placed in charge of the company's European business with carmakers. Amazon is said to be planning to run that business out of Luxembourg and is eyeing the U.K. as its possible first market.
Step aside Starbucks: Panera Bread (PNRA) continues to impress on so many fronts. On Tuesday, Panera Bread announced it has exceeded $1 billion in digital sales. TheStreet reports that the "Amazonization" of fast food continues.
Apple and cars: TheStreet dives deep into Apple's (AAPL - Get Report) car ambitions. To be sure, this is a story that is just starting to play out. Companies from Ford (F - Get Report) to Uber should be closely planning for Apple's aggression in the auto space over the next five years.
About Uber: Uber's investors continue to back the embattled ride-sharing company, according to TheStreet's sources.