US stock futures were trading without much movement as investors on Wall Street absorbed mixed signals from the Federal Reserve following its decision to maintain interest rates at their current level.

Futures linked to the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F), and the Nasdaq Composite (NQ=F) were down by 0.1%.

Initially, markets had a positive response to the Fed's decision, which included plans for two potential rate cuts this year. Federal Reserve Chair Jerome Powell also attempted to ease concerns over the economic impacts of President Donald Trump's trade policy and reiterated that the risk of recession was low.

However, by the next day, Wall Street started to feel the negative effects of the Fed's decision, resulting in a decline in stock prices. The central bank updated its forecasts to show expectations of higher inflation and lower economic growth, which contributed to market unease, especially with the looming threat of additional tariffs.

Analysts pointed out that when the Fed previously described inflation risks as "transitory," similar to Powell's recent statement, it led to a significant series of interest rate hikes, the most aggressive in decades.

The upcoming deadline for Trump's trade negotiations is approaching fast, and while he has given himself room for discussions with other countries, the prevailing sentiment on Wall Street is one of continued uncertainty despite some recent assurances.