"Stocks Rise Ahead of Fed Decision: Live Updates and CPI Data"

U.S. stock futures ticked higher as investors awaited the Federal Reserve's latest policy decision. The Dow Jones Industrial Average futures rose by 0.12%, while S&P 500 futures and Nasdaq 100 futures climbed 0.13% and 0.19% respectively. Investors are anticipating the Fed to hold the benchmark overnight borrowing rate steady, but will be looking for clues from Fed Chair Jerome Powell's commentary on the timing of rate cuts. The market is also keeping an eye on the November producer price index data set to be released ahead of the Fed decision. The CBOE Market Volatility Index, or VIX, closed at a 4-year low, indicating a lack of fear in the market.