U.S. futures are higher as the FOMC two-day policy meeting kicks off. While the market is pricing in zero expectation of a rate hike tomorrow, markets will look to changes in the “dot plots” for signs of the Fed easing off the gas pedal. On the data front, later this morning markets will get a look at factory orders from January, with expectations of no change from December. European shares are higher with automobile stocks leading higher as Fiat Chrysler becomes the talk of a possible takeover. Asian shares closed mixed with a lack of conviction in either direction.