U.S. stock futures advanced on Wednesday after Tuesday’s mixed close. Futures of major benchmark indices were higher.br br The Federal Open Market Committee‘s two-day meeting ends today, with investors eyeing a rate cut decision and Fed Chair Jerome Powell‘s speech in the afternoon.br br Meanwhile, the 10-year Treasury bond yielded 4.20 and the two-year bond was at 3.62. The CME Group's FedWatch tool‘s projections show markets pricing an 89.9 likelihood of the Federal Reserve cutting the current interest rates later today.br br The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.066 at $683.49, while the QQQ advanced 0.042 to $625.31, according to Benzinga Pro data.