U.S. stock index futures were mixed on Wednesday, as market participants waited for the Federal Reserve's decision on interest rates.
The moves in pre-market trade come ahead of an expected quarter-point rate cut by the U.S. central bank. It would mark the third time this year the Fed has lowered borrowing costs.
Looking ahead, market expectations for another interest rate cut in December are at 23%, according to CME Group'spublished Tuesday cited an unnamed U.S. administration official as saying an interim trade agreement between the U.S. and China might not be completed in time for signing in Chile next month.
Washington and Beijing secured a limited trade deal earlier this month, in an attempt to end a protracted dispute that has battered financial markets and hammered global growth. Markets had been expecting the world's two largest economies to secure a trade truce at an Asia-Pacific Economic Cooperation summit in mid-November.On the data front, ADP payrolls for October will be released at around 8:15 a.m. ET. An advanced reading of real
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