U.S. stock index futures rebounded on Wednesday as hopes of a de-escalation in trade tensions with Beijing firmed, while the Federal Reserve's ongoing monetary policy meeting remained in focus. Washington announced late on Tuesday that representatives of the two countries would meet over the weekend in Switzerland for ice-breaker trade discussions.

This article will be updated throughout the day, so check back often for more daily updates. President Trump will hold a press conference later this morning to announce a “full and comprehensive” trade agreement to be signed with the United Kingdom,

U.S. stocks ended a choppy day higher after the Federal Reserve left its main interest rate alone, as was widely expected, but also warned about rising risks for the U.S. economy.

The Federal Reserve stuck to a wait-and-see approach as officials brace for President Trump’s tariffs to stoke higher inflation and slower growth. Jerome H. Powell, the Fed chair, said that it’s “not at all clear” what the central bank should do next.

The Fed is expected to leave interest rates unchanged Wednesday, choosing caution as President Trump’s trade upheaval rattles markets and clouds the outlook for inflation and growth.