U.S. stock index futures were little changed Wednesday morning, as investors wait to hear from the Federal Reserve.
Around 6 a.m. ET, Dow futures edged in and out of positive territory. Futures on the S&P and Nasdaq were marginally higher.
Investors turned cautious amid uncertainty on the U.S.-China trade front and ahead of the Fed’s rate decision, expected at 2 p.m. ET. Fed Chairman Jerome Powell will then address the press at 2:30 p.m. ET. In its October meeting, the Fed decided to cut short-term lending rates to a range of 1.50% to 1.75%.
Meanwhile, there continues to be no clear indication that the U.S. and China will reach an agreement over trade that could stop or reduce the current level of tariffs. The U.S. is due to impose fresh duties on Chinese goods by Sunday.
The Wall Street Journal reported Tuesday that the U.S. plans to delay these additional tariffs on Beijing as both sides try to work out an agreement. However, also on Tuesday, White House economic advisor Larry Kudlow said the Dec. 15 deadline is still “on the table.”