Yields on 10-year Treasuries could exceed 4% in order to win over investors.

Beijing's massive oversupply in property and industry, and surging debt levels among local governments, have analysts wondering whether China is headed for a Japan-style malaise after 30 years of unprecedented economic growth.

New paper from the Dallas Fed points out that although "long-term Treasury bonds may have no default risk, they have liquidity risk and interest rate risk ... especially in times of financial market stress."

Corporate treasury teams can leverage the recent debt-ceiling standoff to improve their preparedness for future crises.

The unexpected surge in May, combined with growth in applications to build, adds to evidence that residential real estate is recovering after a yearlong slump.

But Chairman Powell says nearly all officials expect "somewhat further" increases, whether in July or beyond.

Some leading indicators suggest a recession is coming, while other indicators suggest the economy is healthy. Whatever the FOMC does next week, messaging will be crucial.

Deloitte managing director Brenda Ciampolillo explores the implications of new research suggesting nearly half of companies will divest a business unit this year.