Federal Open Market Committee’s two-day meeting on interest rate policy begins in Washington. Separately, reports are likely to show solid gains in house prices in November, with the S&P/Case Shiller house price index expected to have risen 5.7 percent year-over-year in November, compared with 5.5 percent in the year to October. The Conference Board is expected to report its consumer confidence index at an unchanged 96.5 in January despite a massive stock market selloff.
AAPL is expected to report revenue slightly below market expectations for the first time in six quarters, according to Thomson Reuters StarMine. The world’s largest company by market value has been facing well-documented issues around softer demand for iPhone 6 and iPhone 6S.