* U.S. shares are set to fall on Wednesday, with futures for the Dow Jones DJc1, S&P 500 SPc1 and Nasdaq NDc1 down between 1.9 and 2.4 percent.

* All eyes will be on the Federal Reserve's interest rate decision at 1815 GMT, widely expected to be a cut to 1 percent, from 1.5 percent. * Wall Street enjoyed its second-biggest ever rise on Tuesday, with the Dow Jones Industrial Average .DJI soaring 10.9 percent, as investors took advantage of cheap valuations, and bet that borrowing costs worldwide would come down. Japan's Nikkei Index .N225 rose 7.7 percent on Wednesday.

* Third-quarter earnings are due from a raft of companies, including Procter & Gamble Co. (PG: Quote, Profile, Research), Kellogg Co. (K: Quote, Profile, Research), Kraft Foods (KFT: Quote, Profile, Research), Corning (GLW: Quote, Profile, Research), Cardinal Health (CAH: Quote, Profile, Research), Allergan (AGN: Quote, Profile, Research), Comcast Corporation (CMCSA.O: Quote, Profile, Research), Praxair Inc (PX: Quote, Profile, Research) and Prudential Financial (PRU.N: Quote, Profile, Research)

* Orders for durable goods data in September are set to show a decline of 1.2 percent on the previous month after a 4.8 percent decline in August.

* Other economics data due includes lending figures from The Mortgage Bankers' Association.

* Democratic presidential candidate Barack Obama will launch an unprecedented television blitz to push his economic message on U.S. networks ranging from CBS and NBC to Comedy Central. (Reporting by Brian Gorman; Editing by Quentin Bryar)