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5 Things You Should Know Before the Market Opens Tuesday

Updated from 5:35 a.m. EDT

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Here are five things you must know for Tuesday, March 14:

1. -- U.S. stock futures were falling Tuesday as the Federal Reserve kicks off a two-day meeting at which it's expected, with near 100% certainty, to raise interest rates.

The rate hike would be the third in 15 months. Wall Street will be looking for signals Wednesday afternoon -- when the Fed makes its announcement -- on whether further rate increases are coming.

The U.S jobs report for February, released on Friday, made the likelihood of an interest rate hike in March all but a certainty. Solid job gains support the Fed's recent hawkish rhetoric and insistence that the U.S. economic recovery warrants more than one rate hike this year. An interest rate hike in March was given a 91% chance of happening as of last Friday, according to CME Group.

Besides the start of the Fed meeting on Tuesday, the economic calendar in the U.S. also includes the Producer Price Index for February at 8:30 a.m. EDT.

In Europe, stocks traded mixed. The FTSE-100 in the U.K. rose 0.2% and Britain's pound sterling fell sharply after Parliament voted to hand Prime Minister Theresa May the authority to begin formal exit procedures from the European Union.

Earnings are expected Tuesday from Bon-Ton Stores (BONT) , HD Supply Holdings (HDS) , Hostess Brands (TWNK) and YY (YY) .