US stock futures held near flat levels on Wednesday as investors awaited the Federal Reserve’s closely-watched policy decision. The central bank is widely expected to deliver a 25 basis point rate cut in response to signs of a cooling labor market and subdued inflation, though attention remains on the Fed’s forward guidance. On Tuesday, the Dow slipped 0.27%, the S&P 500 fell 0.13% and the Nasdaq Composite eased 0.07%. Six of the 11 S&P sectors closed lower, with utilities, real estate and technology leading declines. Notable losses were seen from megacap tech names such as Nvidia (-1.6%), Broadcom (-1.1%) and Microsoft (-1.2%). Meanwhile, investors tracked US-China developments, with progress on trade and a new TikTok framework lifting sentiment and boosting shares of Oracle.