US Futures Rise as Fed Prepares to Hike Interest Rates

US futures have been rising ahead of the Federal Reserve's interest rate decision. Economists believe that there is high expectation for a rate hike, which would be the central bank's first increase in over three years.

The Fed's Chair Kevin Warsh has made a speech warning about inflation being above the target 2% level, which has bolstered expectations of higher rates. Last week's data showed that inflation remains high, supporting the idea that rates will move up to slow borrowing and cool costs.