US STOCKS-Indexes set to open higher as oil recovers; Fed meets
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By Abhiram Nandakumar
Dec 15 (Reuters) - U.S. stock indexes were set to open higher on Tuesday as crude oil prices recovered from near 11-year lows and ahead of a widely expected increase in interest rates later in the week.
The U.S. Federal Reserve begins a two-day policy meeting later in the day to decide on rates, with a statement scheduled for Wednesday.
Traders see an 83 percent chance of a liftoff this week, according to the CME Group's FedWatch program, but investors are concerned about the pace of future rate hikes.
A free fall in prices of oil and other commodities has also taken a toll on the junk bond market over the past week, with some high-profile funds forced to halt redemptions as yield spreads ballooned. Continuación...