Global Markets and Banking Crisis: Real-Time Updates

US stock futures rose as investors remain optimistic that the recent banking meltdown can be contained. The Federal Reserve begins its two-day policy meeting in Washington, DC, today and investors are widely expecting the central bank to announce a quarter-point rate hike on Wednesday afternoon. Treasury Secretary Janet Yellen said the US is prepared to intervene and rescue more small banks and depositors if necessary. European and Asian stocks rose Tuesday as concerns about the global banking sector eased in response to a whirlwind of intervention by policymakers and industry players.