What to Watch Wednesday: FOMC Announcement, Facebook Earnings

For Wednesday July 29, TheStreet highlights the Federal Open Market Committee meeting announcement, the key earnings reports and economic data to watch on Wall Street. Policymakers dissect recent economic data, including the Greek debt crisis, the selloff in the Chinese markets and the tightening U.S. labor market for the second day. On the earnings front, we get quarterly earnings results from MasterCard (MA), Northrop Grumman Corp (NOC), Anthem (ANTM) before the market opens. And in the afternoon, earnings from Facebook (FB), MetLife (MET), and Wynn Resorts (WYNN) are due out. On the economic calendar, we point out the MBA mortgage applications, pending home sales, the EIA petroleum status report, and of course, the FOMC announcement. TheStreet's Kurumi Fukushima reports in New York.