India, April 29 -- The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the pullback seen in the previous session.
Traders may be reluctant to make significant moves ahead of the Federal Reserve's latest monetary policy announcement later this afternoon.
CME Group's FedWatch Tool is currently indicating a 100 percent chance the Fed will leave interest rates unchanged for the third straight meeting.
With the Fed's decision a near-certainty, traders are likely to pay closer attention to the central bank's accompanying statement for clues about the outlook for rates.
However, as the Fed is unlikely to provide specific details about future rate deci...