India, July 29 -- The major U.S. index futures are currently pointing to roughly flat open on Wednesday, with stocks likely to extend the lackluster performance seen over the two previous sessions.
Traders may be reluctant to make significant moves ahead of the Federal Reserve's latest monetary policy announcement this afternoon.
The Fed is seen as most likely to leave interest rates unchanged, although there is some concern about the possibility of a surprise rate hike.
CME Group's FedWatch Tool is currently indicating a 64.2 percent chance the Fed leaves rates unchanged and a 35.8 percent chance of a quarter point increase.
In the past, traders have looked to the accompanying statement for clues about the outlook for rates, although t...