LONDON—By Carolyn CohnWorld stocks edged up and the dollar was flat ahead of the outcome of the Federal Reserve’s policy meeting on Wednesday, while oil rose towards recent seven-year highs on tension between Russia and Ukraine.
The Fed is due to update its policy plan at 1900 GMT after a two-day meeting. A first rate increase is seen in March and markets are already pricing in three more quarter-point increases by year-end.
