Submitted by Fox First at Ten on February 27th
NEW YORK (AP) - U.S. futures are rising on reassurances from the U.S. central bank that the low-interest rate policies that have pumped billions into the economy will continue.
Dow Jones industrial futures are up 16 points to 13,875. The broader S&P futures have added 1.6 points to 1,494. Nasdaq futures are up 3.25 points to 2,711.
Markets were rattled one week ago when the minutes from the Federal Reserve policy meeting in January left the impression that some officials had grown leery of ongoing stimulus programs. They appeared to walk back from that position in the ensuing days and testimony Tuesday from Chairman Ben Bernanke confirmed a commitment to the current policies.
Bernanke is testifying again Wednesday before the House Financial Services Committee.
Also Wednesday, Target is posted better-than-expected earnings for the fourth quarter.
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