U.S. stock index futures were slightly lower Wednesday morning, as the White House took a tough line on trade talks with China.
Policymakers at the Fed are scheduled to meet next week against a backdrop of rising trade tensions, slowing U.S. growth and a sharp fall in hiring in May. Market participants currently expect at least two rate cuts before the end of the year.
Investors are likely to closely monitor consumer price index data for May at around 8:30 a.m. ET, with core CPI excluding food and energy for May due at the same time. The latest Federal Budget figures will be released slightly later in the session.
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