US STOCKS-Wall St set to open higher on Apple results; Fed awaited
* FOMC statement expected at 2:00 p.m. ET
* Boeing shares rise on revenue beat
* Futures up: Dow 48 pts, S&P 4 pts, Nasdaq 36.75 pts (Adds details, comments, updates prices)
By Yashaswini Swamynathan
July 27 (Reuters) - Wall Street was set to open higher on Wednesday, bolstered by strong results from Apple, and ahead of the Federal Reserve's decision on interest rate hikes.
Apple shares soared 7.4 percent to $103.30 in premarket trading after the company sold more iPhones than expected in the third-quarter and gave an upbeat current-quarter forecast.
The Fed is expected to keep rates unchanged as it wraps up its two-day policy meeting with a statement later in the day.
Investors will look for clues on the timing of the next rate hike as the recent set of strong economic data could make a case for an increase in the coming months.
Traders have priced in a 19.5 percent chance of a rate increase in September and a 42.8 percent chance in December, according to CME Group's FedWatch tool. Continuación...