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Futures subdued as investors eye bank earnings, Fed cues

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U.S. stock index futures were flat on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank will pause its monetary policy tightening.

are trading near two-month highs, having recovered from March's selloff on the banking crisis and fears about the Fed staying on a hawkish course for longer.rates by a quarter percentage point to the 5.00%-5.25% range next month, but recent economic data signaling a slowing U.S. economy have intensified debate over whether it will be the last in this cycle.

Traders' bets of a 25-basis point hike in May have risen to nearly 90% from 78% last week, according to CME Group's Fedwatch tool. U.S. central bank officials including New York Fed President John Williams and Cleveland Fed President Loretta Mester are scheduled to speak later this week. A report at 8:30 a.m. ET is expected to show business conditions in New York state improved in April after slumping in the previous month.

At 6:52 a.m. ET, Dow e-minis were up 18 points, or 0.05%, S&P 500 e-minis were up 3.25 points, or 0.08%, and Nasdaq 100 e-minis were up 1.5 points, or 0.01%.

 

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