Stocks: Worries over Cyprus bailout deal

The Federal Reserve’s Open Market Committee will hold a two-day meeting on Tuesday and Wednesday. It will culminate in an announcement on interest rates and a closely-watched press conference on Wednesday afternoon.

At its last meeting, the Fed held rates at record lows and said it would continue buying $85 billion in Treasuries and mortgage-backed securities each month to bolster the economy.

The central bank is expected to maintain its gloomy forecast for this year. Investors will be looking for any comments on how government spending cuts could impact economic growth later this year.


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