Stocks are poised to open higher Wednesday following news that the U.S. and China are scheduled to discuss trade, as investors digest a flurry of earnings reports and await the Federal Reserve's decision on interest rates.

U.S. stock index futures rose on Wednesday as hopes of a de-escalation in trade tensions with Beijing firmed, while investors awaited the Federal Reserve's decision on interest rates that is expected later in the day.

US stocks end lower as the Fed meets on interest rates. No rate move is forecast. Investors also want to see trade deals, which haven't materialized.

PRAGUE (AP) — The Czech Republic’s central bank cut its key interest rate again on Wednesday, with lower-than-expected inflation. The cut brought the interest rate down by a quarter of a percentage point to 3.50%. The bank had kept the rate unchanged at its previous policy meeting in March.

China’s central bank has cut a key interest rate as U.S. tariffs threaten the economy. People’s Bank of China Governor Pan Gongsheng announced Wednesday that the lending rate to commercial banks would be reduced by 0.

China’s central bank acted shortly after news that officials from China and the Trump administration will hold their first formal trade talks since the punishing tariffs began.