Housing Data, Oracle Earnings: What to Watch on Wall Street March 17

The FOMC kicks off its two day meeting Tuesday, March 17th. We're also keeping an eye on quarterly reports from Oracle, Adobe and DSW.

Author:: Kurumi Fukushima
Publish date:: Mar 16, 2015 7:00 PM EDT

For Tuesday, March 17th we outline what to watch on Wall Street. The Federal Open Market Committee kicks off its two day meeting. Economists will be looking for clues as to when the central bank will raise interest rates. Many are anticipating a rate hike in July of 2015. Also on the economic calendar is the housing starts and building permits data, giving an insight into the housing market. We also watch for quarterly earnings reports from three companies including shoe retailer (DSW), Adobe Systems (ADBE), and Oracle Corp (ORCL). TheStreet's Jim Cramer says Oracle's earnings report can set the tone for technology stocks worldwide. Analysts expect currency headwinds, tougher competition in the cloud business, and costs from its acquisitions to impact Oracle's financial results. TheStreet's Kurumi Fukushima reports in New York.