Investors were preparing for the Federal Reserve's upcoming monetary policy decision amidst a turbulent week of trading, causing US stock futures to remain stable. Dow Jones Industrial Average (YM=F) futures inched up by 0.1%, while S&P 500 (ES=F) and Nasdaq Composite (NQ=F) futures remained unchanged.

The Federal Reserve is concluding its two-day meeting and will announce its decision on interest rates at 2 p.m. ET on Wednesday, with concerns over US economic growth and inflation exacerbated by President Donald Trump's trade tensions casting a shadow over the decision-making process.

Federal Reserve Chair Jerome Powell has emphasized a cautious approach to rate cuts, and it is widely anticipated that rates will remain unchanged. However, investors will closely monitor the central bank's forecasts and Powell's press conference for hints on potential future rate adjustments.

Recent market declines have put Wall Street on edge, with the Nasdaq and S&P 500 entering correction territory. Despite this, the stock market struggled to bounce back on Tuesday, particularly in the tech sector.