U.S. stocks have moved cautiously higher according to MarketWatch ahead of this afternoon's Fed announcement. It appears that the expected rate cut has emboldened investors, as the Dow Jones Industrial Average (DJIA) has jumped some 80 points, but that is down from the intraday high, which saw a triple-digit advance. Just 6 of the 30 Dow components are in negative territory, with Boeing (BA) leading the way lower. American Express (AXP) and Caterpillar (CAT) are leading the way higher.

Remember, the Fed releases its policy decision at 2:15 Eastern time, with most economists expecting the Fed to cut its benchmark rate at least 25 basis points. Some believe we may see a 50-basis-point cut.