US stocks move higher a day ahead of crucial Fed meeting; odds of rate rise seen as slipping
- Fed policymakers will convene a two-day meeting on Wednesday and could decide to raise interest rates for the first time in close to a decade.
- Investors are looking ahead to the Federal Open Market Committee meeting this week. Some economists are still predicting that the Federal Reserve will raise interest rates, but many believe that policy makers will keep rates close to zero at the end of its two-day meeting on Thursday.
- While the U.S. jobs market has remained strong, the prospects for global growth have diminished and financial markets have been turbulent.
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