Interest rates expected to remain steady

The Federal Reserve is expected to leave interest rates unchanged at their March meeting, CHS Hedging said. "Minutes from the meeting will be released at 1pm CT today and Fed Chairman Powell will speak at 1:30pm," they said. "Traders will be focusing on if the Fed still expects three rate cuts this year after recent higher than expected inflation data."

"China's central bank left their one-year loan prime interest rate unchanged at 3.45%, as expected," CHS Hedging noted.