Wake Up Wall Street: Federal Reserve Expected to Raise Its Benchmark Interest Rate

This is what you need to know before the bell:

1. The U.S. Federal Reserve is expected to raise its benchmark interest rate this week. A tightening labor market & plans to shrink its bond portfolio are behind the Fed's plans

2. Amazon (AMZN) - Get Report has begun taking steps toward becoming an online car dealer. The e-retailer is reportedly considering Luxembourg or Britain as a home for the business

3. Sony (SNE) - Get Report has sold 60.4 million Playstation 4s since the console was launched three years ago. The figures were released as Microsoft (MSFT) - Get Report launched the Xbox One X to rival the PS4

4. U.K. Prime Minister Theresa May is set to meet with the leader of the Democratic Unionist Party. Theresa May has been trying to form a working government following the U.K. election result.

5. Heineken (HINKF) plans to acquire almost 2,000 pubs from Punch Taverns. The U.K. competition watchdog has raised concerns about the £403 million deal

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This article was written by a staff member of TheStreet.