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.

Stocks are looking to their first gains of the week but need to navigate a trick Fed rate decision later in the session.