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10 most important stories for investors Wednesday

Janet Yellen
Getty Images
Janet Yellen

A daily morning look at the financial stories you need to know to start the day

STOCKS/ECONOMY

-Stock futures are higher ahead of this afternoon's big Fed decision announcement live on CNBC's Power Lunch at 2pm Eastern. Investors are already cheering the Bank of Japan's just-announced overhaul of its monetary policy.

-Mortgage applications tanked by 7.3 percent amid rising rates last week.

OIL/ENERGY

-US crude prices are up more than 2 percent and almost at the $45/barrel level on a surprise drawdown in inventory.