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Facebook, FOMC: What to Watch on Wednesday, January 28

On Wednesday we look to the FOMC for clues on the timing of the first rate hike. Plus, we'll get earnings results from Boeing, Facebook and Wynn Resorts.

The busy week of earnings releases and economic data continues on Wednesday. The Federal Open Market Committee meets this week and investors will get more clues on the timing of the first rate hike when the statement releases on Wednesday at 2 pm, eastern. Policymakers are not expected to make any changes to key interest rates. On the earnings front, the season is in full swing. Dow component Boeing (BA) will release its results before the bell. The consensus is for earnings of $2.12. Social media giant, Facebook (FB) and Wynn Resorts (WYNN) both report their Q4 earnings after Wednesday's close.

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