U.S. stocks are rising ahead of the Fed's rate decision By

By Liz Moyer 

-- U.S. stocks are exnessrising on Monday after the weekend's $3.2 billion tie-up of UBS and Credit Suisse as banking regulators raced to shore up confidence in the system.

At 11:53 ET (15:53 GMT), the was up 342 points or 1.1%, while the rose 0.7% and the rose 0.1%.

Wall Street is wondering how much the turmoil in the banking sector is going to weigh on the economy, and how much the Federal Reserve will factor in the events of the past two weekends when it decides on interest rates this week.

Futures traders are largely expecting the Fed to raise rates by a quarter of a percentage point, while just about 25% of traders are  on a pause.

UBS Group AG (NYSE:), with the backing of Swiss banking regulators, came to the rescue of its rival in the hope it would stabilize conditions. Shares of (NYSE:) sank 54% on Monday, while UBS rose 3.3%.

But investors were still wary about corners of the banking sector. (NYSE:) shares fell 25.8% after ratings cut by S&P Global.

The Fed and five other central banks began offering daily instead of weekly currency swaps starting today and going through April to ease concerns about the flow of dollars available in the system.

In addition to the Fed decision, the policymakers will release their latest dot-plot projections on aspects of the economy on Wednesday, including their outlook for unemployment and economic output.

This week also brings economic data on and .

Shares of Bed Bath & Beyond Inc. (NASDAQ:) fell 17.95% after saying it would seek shareholder approval for a reverse stock split.

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