U.S. stock index futures pointed to a flat to higher open on Monday, as oil prices dipped and traders mulled more hints of near-term monetary policy tightening.
Speeches from the U.S. Federal Reserve's James Bullard and John Williams will be scrutinized on Monday for suggestions that an interest rate hike could take place in June.
Bullard said in a speech that a tight labor market may put upward pressure on U.S. inflation, supporting the case for higher rates.
"It is clear that the Fed is ready to move again soon. And if expectations of a June hike continue to build, the Fed may well take the opportunity to take another step towards normalization next month without fear of surprising the markets," Alex Holmes, economist at Capital Economics, said in a report on Friday.
Eric Rosengren, the president of the Federal Reserve Bank of Boston, told the Financial Times newspaper over the weekend the U.S. was on the verge of meeting most economic conditions for an interest rate hike.
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