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Last updated: March 19. 2013 8:36AM - 322 Views
Associated Press



FILE - The Federal Reserve Building is seen in Washington Thursday, Jan. 14, 2010 file photo. Don't expect the Federal Reserve to let up in its drive to keep stimulating the economy with record-low interest rates. Not yet, anyway. That's the view of economists as Fed policymakers hold a two-day meeting that starts Tuesday March 19, 2013. On Wednesday, the Fed will issue a policy statement and update its economic forecasts, and Chairman Ben Bernanke will hold a news conference. (AP Photo/Alex Brandon)
FILE - The Federal Reserve Building is seen in Washington Thursday, Jan. 14, 2010 file photo. Don't expect the Federal Reserve to let up in its drive to keep stimulating the economy with record-low interest rates. Not yet, anyway. That's the view of economists as Fed policymakers hold a two-day meeting that starts Tuesday March 19, 2013. On Wednesday, the Fed will issue a policy statement and update its economic forecasts, and Chairman Ben Bernanke will hold a news conference. (AP Photo/Alex Brandon)
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(AP) U.S. stock futures are heading higher with the Federal Reserve expected to maintain record-low interest rates and other measures to keep the economy tracking toward a recovery.


The Fed kicks off a two-day meeting Tuesday, and will issue a statement and update economic forecasts Wednesday.


Dow Jones industrial futures are up 7 points to 14,397. The broader S&P futures have added 0.90 points to 1,547.70. Nasdaq futures are up 1.5 points to 2,788.50.


U.S. futures are bucking global markets, which are still rattled by a grab for personal bank savings in Cyprus.


The tiny island nation in the Mediterranean roiled markets this week, announcing hefty taxes on banking accounts over the weekend in a bid to steady its ailing banks and to secure an international bailout.


Associated Press
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