U.S. stock futures pointed to a subdued start on Wednesday, suggesting markets may struggle for direction as investors await the Federal Reserve's latest policy announcement.
Following Tuesday's mixed session, traders appeared reluctant to take large positions ahead of the central bank's decision and comments from newly appointed Chair Kevin Warsh.
Although policymakers are widely expected to leave interest rates unchanged, market participants are closely watching the accompanying statement and Warsh's remarks for clues about the future path of monetary policy.
Any shifts in tone regarding inflation, economic growth or interest-rate expectations could influence market sentiment in the near term.
Investors are also monitoring developments surrounding the preliminary agreement between the United States and Iran.