US equity futures were mixed pre-bell Wednesday as traders awaited the Federal Reserve's interest-rate decision and corporate earnings from several Big Tech companies.
Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.5% higher.
The Federal Reserve's monetary policy committee is set to announce its decision on the rate policy at 2 pm ET, followed by a press briefing led by Federal Reserve Chair Kevin Warsh. The CME FedWatch tool showed that the probability of the Federal Reserve raising its target rate by 25 basis points in October is at 9.4%.
US Energy Secretary Chris Wright said the US could allow more Russian diesel shipments onto the global market under the US sanctions waiver, depending on the actions of Russia's government, according to a CNBC report late Tuesday.
Traders also digested the latest round of earnings, with GE Vernova (GEV) reporting higher Q3 earnings and revenue.
Microsoft (MSFT) and Alphabet (GOOG, GOOGL) are expected to report their fiscal Q1 and Q3 financial results, respectively, after the market closes.
Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.8% at $111.34 per barrel and US West Texas Intermediate crude 1.9% higher at $101.82 per barrel.
The international trade in goods report for September is expected to show the deficit narrowing to $130.20 billion from $132.60 billion in the prior month, according to estimates compiled by Bloomberg.
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