U.S. stock futures were fluctuating on Wednesday following Tuesday’s advance. Futures of major benchmark indices were mixed.<br /><br />President Donald Trump hinted that he expects to lower fentanyl-linked tariffs on China, a potential major concession ahead of a high-stakes meeting with Chinese President Xi Jinping in South Korea this week.<br /><br />Investors await the Federal Reserve Open Market Committee decision to cut interest rates by 25 basis points on Wednesday afternoon. The CME Group's FedWatch tool’s projections show markets pricing a 99.9% likelihood of the Federal Reserve cutting the current interest rates later today.
