US stock futures tick higher ahead of an all-important Federal Reserve interest rate decision on Wednesday, with debate swirling around whether the central bank will choose to potentially cut borrowing costs by 25 basis points or

U.S. stock index futures saw slight gains Wednesday, anticipating the Federal Reserve's first interest rate cut in over four years. Investors largely expect a 50-basis point reduction, though uncertainty remains.

The Federal Open Market Committee, the FOMC, cut its benchmark rate to a range of 4.75% to 5.0% after leaving borrowing costs at a more than two-decade high for over a year. The decision wasn't unanimous as Fed Governor Michelle Bowman preferred to lower rates by just 25 basis points.

Stock futures are higher ahead of the Federal Reserve's interest rate decision, with a rate cut widely expected