The Fed is due to wrap up a two day meeting on Wednesday. Japan's central bank will meet Thursday-Friday as observers speculate that it might gradually begin to adjust its longstanding negative interest rate policy.
Shares in European and Asian markets declined amid concerns of a crisis in the banking sector and fears of a looming recession. In Europe, Germany's DAX lost 1% to 15,055.96, and the CAC 40 in Paris fell 1%, to 7,065.83. Britain's FTSE 100 declined 1.1% to 7,418.52. In Asia, shares in regional banks were modestly lower on Friday, with HSBC Holdings plc losing 2.9% in Hong Kong, while mid-sized Japanese bank Resona Holdings declined 2.6%.