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Stocks futures subdued ahead of Fed statement

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U.S. stock index futures were flat on Wednesday as the mood turned cautious ahead of the Federal Reserve's policy statement, which investors hope ...

REUTERS: U.S. stock index futures were flat on Wednesday as the mood turned cautious ahead of the Federal Reserve's policy statement, which investors hope could open the door to future interest rate cuts.

The Fed's statement and new economic projections are to be released at 2 p.m. ET , giving investors an idea on how a prolonged U.S.-China trade conflict, President Donald Trump's calls for a rate cut and softer-than-expected economic data have impacted monetary policy. At 7:16 a.m. ET, Dow e-minis were up 7 points, or 0.03per cent. S&P 500 e-minis were down 1.25 points, or 0.04per cent and Nasdaq 100 e-minis were down 0.75 points, or 0.01per cent.Sentiment was also buoyed by hopes of progress on U.S.-China trade dispute, with Beijing hinting that positive outcomes were possible in negotiations with Washington, after the world's two largest economies agreed to revive their troubled talks at a G20 meeting this month.

 

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