India, March 19 -- 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 sharp pullback seen in the previous session.
Traders may be reluctant to make significant moves ahead of the Federal Reserve's monetary policy announcement later this afternoon.
CME Group's FedWatch Tool is currently indicating a 99.0 percent chance the Fed will once again leave interest rates unchanged.
With the Fed almost universally expected to leave rates unchanged, traders will look to the accompanying statement as well as officials' latest projections for clues about the outlook for rates.
The FedWatch Tool currently suggests the Fed is likely to leave rates unchan...