U.S. stock futures are pointing to a third consecutive day of gains as investors brace for the Federal Reserve's interest rate decision at 2 p.m. ET. The Dow Jones Industrial Average futures are climbing, signaling optimism that the central bank may maintain its current stance amid persistent inflation concerns. This comes as Brent crude prices remain stubbornly above $100 per barrel, adding pressure to economic growth forecasts.

Market participants are closely watching the Fed's statement for any hints about the trajectory of monetary policy. The central bank faces a delicate balancing act between controlling inflation and supporting economic expansion. Higher oil prices have complicated this equation, with energy costs rippling through supply chains and consumer spending. Traders are particularly focused on whether the Fed will signal any changes to its quantitative tightening program or provide guidance on future rate hikes.

The pre-market rally in futures suggests investors are positioning for a relatively dovish outcome, though the Fed's decision could still introduce volatility. With inflation data remaining elevated and geopolitical tensions affecting energy markets, the central bank's next moves will be critical in shaping market sentiment. The combination of rising stock futures and elevated crude prices sets the stage for a potentially turbulent trading session once the Fed announces its decision.