US STOCKS-Wall St set to open higher as oil recovers

lunes 19 de septiembre de 2016 08:59 GYT

* Fed's monetary policy meet starts Tuesday

* Oil prices rise more than 1 pct

* Facebook up after Citi raises price target

* Futures up: Dow 87 pts, S&P 10.25 pts, Nasdaq 17.5 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

Sept 19 (Reuters) - Wall Street looked set to open higher on Monday as oil prices bounced back from multi-week lows and investors expected the Federal Reserve to hold steady on interest rates at its meeting this week.

Oil prices rose about 1.3 percent after Venezuela said OPEC and non-OPEC producers were close to a deal to stabilize an oversupplied market.

The Fed's two-day meeting starts on Tuesday in which policymakers will debate over the U.S. economy and its ability to absorb a rate hike. Fed Chair Janet Yellen is scheduled to conclude the meeting with a press conference at 2:00 p.m. ET (1800 GMT) on Wednesday.

Yellen said last month the case for a rate increase had strengthened. But recent lackluster data, including a slowdown in jobs growth, has raised doubts about the health of the economy.   Continuación...