Futures for U.S. markets were positive across the board late Tuesday as investors appear ready to ignore a looming interest rate increase in favor of trading on promises of economic stimulus by President-elect Donald Trump.

The S&P 500 was up 0.06%, the Dow Jones Industrials, 0.1%, and Nasdaq, 0.09%, at 9:20 p.m. EST.

The Federal Open Market Committee starts its two-day meeting Tuesday and has been expected for months to hike rates at the meeting. Investors are also curious what kind of signal the central bank gives on its plan for the future and the playing field being prepared by Trump.

The Dow set its 15th record Monday since the election, gaining 0.2% to 19,769.43, within a 1% gain of the 20K mark, while the S&P lost 0.11% and Nasdaq, 0.59%, amid a drastic increase in oil prices on the back of the latest OPEC agreement to limit production.

However, oil gave back some of the gains as Asia awoke with a barrel of West Texas crude trading 0.15% lower at $52.75, while a barrel of industry standard Brent crude changed hands for $55.73, an increase of 0.07%, at 9:28 p.m. EST. The numbers represent futures for delivery in February and January, respectively.

While American markets may shrug off the rate increase, Asia opened lower Tuesday, though markets recovered some as the morning progressed. The Nikkei fell 0.15% and the Hang Seng in Hong Kong, 0.32%, while the ASX in Australia was flat and the Kospi in South Korea gained 0.1% at 9:44 p.m. EST.

Earlier in Europe, Germany's Dax closed 0.12% lower, the FTSE in London, 0.92%, and France's Cac, 0.07%.

In after-hours trade, shares of The Michaels Companies(MIK) - Get Report slipped 2.25% to $22.15 when the craft store chain said the private equity house Blackstone Group LP planned on selling 12 million Michaels shares. The Irving, Texas-based company said it would buy 2 million of the shares in the sale, which will be managed by Credit Suisse Group.

The sale will cut the New York financial investor's Michaels stake to 18.9% from 24.6%, according to an SEC filing.