US futures are higher this morning as the Fed begins their two day meeting. Investors will be looking to see if the FOMC will begin winding down its large balance sheet. In economic data, US housing starts came in at 1.18 million compared to estimates of 1.175 million and import prices rose 0.6% compared to estimates of a 0.4% rise. Markets in Asia closed mixed with most indices closing down with the exception of the Nikkei which rose on the back of a weaker yen. European markets are trading mixed with the FTSE higher and the DAX down slightly.