U.S. stock-index futures rose on Wednesday as European and Japanese shares rallied followed the Bank of Japan's major overhaul of its policy and traders awaited the U.S. Federal Reserve's announcement.
The Fed will announce its latest policy decision on Wednesday at 2 p.m. ET, with Fed Chair Janet Yellen briefing the media at 2:30 p.m. ET. Market consensus is for the central bank to hold its base rate in the 0.25-0.50 percent range and not lift again until December. CME Group's FedWatch Tool puts the probability of no rate change at 85 percent, with a 15 percent change of a hike to 0.50-0.75 percent.