Wall Street Preview: Fed Meeting in Focus

U.S. stock futures were rising Wednesday, June 14, as Wall Street prepares for the third interest rate hike from the Federal Reserve in the past seven months.

Economists predict with near certainty that the Fed will boost interest rates by 0.25%. The Fed also could provide details following its meeting Wednesday on its plans to shrink its $4.5 trillion balance sheet.

The decision on rates from the Federal Open Market Committee -- the Federal Reserve's policy-making arm -- is expected at 2 p.m. ET on Wednesday. A press conference with Fed Chair Janet Yellen is scheduled for around 2:30 p.m.

This article was written by a staff member of TheStreet.