Today is the 54th Federal Reserve monetary policy decision day since Chair Jerome Powell took the helm back in 2018, according to Bespoke Investment Group. And the chart below from Bespoke shows how the S&P 500 has performed intraday on average under the various Fed chairs. since 1994.

Stock futures are pointing to a higher open for major U.S. indexes on Wednesday as market participants await the Federal Reserve's first interest rate cut in more than four years.

U.S. futures are trending higher on Wednesday morning as investors keenly await the final decision from the Federal Reserve’s two-day policy