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[h=4]5 things you need to know Wednesday[/h]The biggest news to start your morning.
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Federal Reserve Chair Janet Yellen will preside over this week's meeting of policymakers.(Photo: Jacquelyn Martin, AP)
Investors seek<span style="color: Red;">*</span>signals from the<span style="color: Red;">*</span>Fed on interest rates
Wall Street will<span style="color: Red;">*</span>pay<span style="color: Red;">*</span>close attention Wednesday when the Federal Reserve gives its policy<span style="color: Red;">*</span>update at the close of its two-day meeting. The Fed, which raised its benchmark interest rate in December for the first time in nine years, is widely expected to stand pat on interest rates for a second straight gathering. But investors will be on watch for any surprises or clues about a possible rate hike in June —<span style="color: Red;">*</span>or even April —<span style="color: Red;">*</span> that may come from the Fed's official statement and Fed Chief Janet Yellen's comments afterward.
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The Federal Reserve is set to release its March statement on Wednesday. Steve Blitz, chief economist at ITG, doesn’t expect the Fed to announce a hike to short-term interest rates, but anticipates some optimistic messaging about the economy. Newslook
Politicians hit the trail after major primaries on Tuesday
After a night of big wins for Democrat Hillary Clinton and Republican John Kasich, the two will be out campaigning on Wednesday.<span style="color: Red;">*</span>Clinton, who won<span style="color: Red;">*</span>in Florida, Illinois, North Carolina and Ohio, is scheduled for a campaign<span style="color: Red;">*</span>appearance in Arlington, Va. Kasich, who had his first primary victory with a win in Ohio, will host a town hall in Villanova, Pa.In other Election 2016 news: GOP front-runner Donald Trump took home victories in Florida, Illinois and North Carolina, Republican Marco Rubio dropped out and the Missouri races were too close too call.
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Candidates faced off Tuesday night in state primaries, including Ohio and Florida, that could have big implications for the presidential race. VPC
D.C. subway closes for 29 hours
More than 700,000<span style="color: Red;">*</span>Washington, D.C.-area commuters<span style="color: Red;">*</span>will need to find another way to get to<span style="color: Red;">*</span>work Wednesday as the city shuts down Metro —<span style="color: Red;">*</span>its massive subway system —<span style="color: Red;">*</span>for inspections. Federal offices will remain open, but the Office of Personnel Management said federal workers could use unscheduled leave or telecommute.<span style="color: Red;">*</span>A fire Monday appears similar to one that ignited in January 2015, so safety officials want to inspect 600 so-called "jumper cables." Spread across D.C., Virginia and Maryland, Metro is the only subway in the country spread across three jurisdictions, which makes governance more complicated.
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The rail system that serves the nation's capital and its Virginia and Maryland suburbs will shut down for a full day after a fire near one of the system's tunnels, the system's head announced. (March 15) AP
Michelle Obama to join star-studded panel at SXSW
First lady Michelle Obama will take<span style="color: Red;">*</span>the stage Wednesday at the SXSW 2016 festival for a keynote panel that will include rapper Missy Elliott, songwriter Diane Warren and<span style="color: Red;">*</span>actress Sophia Bush<span style="color: Red;">*</span>and will be moderated by Queen Latifah. The group will hold a dialogue on music, finding one’s passion<span style="color: Red;">*</span>and the importance of girls’ education.<span style="color: Red;">*</span>The first lady<span style="color: Red;">*</span>will also highlight<span style="color: Red;">*</span>the Obama administration’s Let Girls Learn initiative. President Obama spoke at SXSW on Friday, urging the tech industry to put their vast skills to work to help solve problems and improve civic life.
A LOOK INSIDE SXSW 2016Fun gadgets from SXSW 2016 | 01:08Jessica Naziri gives us a look at the gadgets that hit the mark at SXSW 2016. USA TODAY
A LOOK INSIDE SXSW 2016SWSX 2016: The power of women in tech | 01:09U.S. Chief Technology Officer Megan Smith gives insight into women and their role in the technology industry at SXSW. USA TODAY
A LOOK INSIDE SXSW 2016Futuristic Sony tech on display at SXSW | 00:58The Sony Future Lab at SXSW Interactive showcases the company's latest prototype tech and gadgetry.
A LOOK INSIDE SXSW 2016SXSW 2016: The Girls' Lounge, women in tech | 01:12The open secret in Silicon Valley is that, despite nominal gains, gender and minority representation remains problematic.We go inside The Girls' Lounge at SXSW 2016 for an inside look at women in tech. USA TODAY
A LOOK INSIDE SXSW 2016Lifelike android holds unassisted conversation at SXSW Interactive | 01:05Japanese roboticist Hiroshi Ishiguro displayed one of his androids on Sunday at the SXSW Interactive Festival. The android, which is modeled after Ishiguro, held an autonomous conversation in Japanese on stage with an Ishiguro associate. USA TODAY
A LOOK INSIDE SXSW 2016The party scene at SXSW | 01:27Check out the party scene at SXSW in Austin where work and play go together. USA TODAY
A LOOK INSIDE SXSW 2016The different faces of SXSW | 01:20Jessica Naziri meets up with a range of people attending SXSW in Austin, Texas.. USA TODAY
A LOOK INSIDE SXSW 2016There's something for everyone at SXSW | 01:12500,000 are expected to show up at SXSW this year in Austin, TX. Jessica Naziri talks with attendees to find what they are interested in seeing at this year’s festival.
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Floating caskets might head<span style="color: Red;">*</span>back toward the ground
The Sabine River should crest at a record high early Wednesday after last week’s torrential rainfall. The flooding caused caskets to float to the surface in several cemeteries in southwestern Louisiana. While the scene is somewhat common in low-lying cemeteries in the South, it can be heartbreaking and dangerous for loved ones to attempt to retrieve concrete vaults and caskets. Fortunately, only a few light showers are forecast for the region on Wednesday as the floodwaters slowly recede.
Bonus item:<span style="color: Red;">*</span>Final<span style="color: Red;">*</span>two of the "First Four" games tip off
Holy Cross plays Southern University<span style="color: Red;">*</span>and Michigan takes on Tulsa as the NCAA Tournament's "First Four" contests continue Wednesday (6:40 p.m. ET, truTV)
And<span style="color: Red;">*</span>the essentials:
Weather: Winter will hang on in parts of the Midwest and the<span style="color: Red;">*</span>Rockies Wednesday while springlike warmth continues in the South and West.<span style="color: Red;">*</span>
Stocks:<span style="color: Red;">*</span>U.S. stock futures were higher Wednesday.
TV Tonight:<span style="color: Red;">*</span>Wondering<span style="color: Red;">*</span>what to watch tonight?<span style="color: Red;">*</span>TV critic Robert Bianco looks at<span style="color: Red;">*</span>Americans, Nashville<span style="color: Red;">*</span>and<span style="color: Red;">*</span>Beyond Borders.
If you missed Tuesday's<span style="color: Red;">*</span>news, we've got you covered.
Need a break? Try<span style="color: Red;">*</span>playing some of our games.
You can<span style="color: Red;">*</span>subscribe<span style="color: Red;">*</span>to get the day's top news each weekday in your inbox.
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