Markets Await Federal Reserve and Bank of Japan Meetings on Wednesday

Central banks take center stage on Wednesday, September 21. The Federal Reserve's September statement is released on Wednesday. Investors are only pricing in a 15% chance that the Fed announces a rate hike following the meeting. Chair Janet Yellen will hold a press conference at 2:30 p.m. EDT. The Bank of Japan also wraps up its September meeting on Wednesday. Investors will be watching to see if the central bank adds more easing or pushes benchmark interest rates further into negative territory. On the earnings calendar, General Mills (GIS) - Get Report and CarMax (KMX) - Get Report release earnings before the markets open, while Bed Bath & Beyond (BBBY) - Get Report unveils earnings after the markets close. TheStreet's Scott Gamm reports from Wall Street.