U.S. stock futures were slightly higher on Monday as traders positioned for a busy week of central bank signals, with Federal Reserve Chair Jerome Powell set to speak at the European Central Bank’s forum later in the day.

Markets are watching Powell closely for any clues on the Fed’s next move, especially after a period of mixed inflation data and uneven signals from the broader economy. His remarks could help shape expectations around interest rates and the timing of any policy shifts.

The modest move in futures suggests investors are staying cautious rather than making large bets ahead of the speech. Traders are also tracking other macroeconomic indicators and policy commentary that could influence sentiment across equities, bonds, and currencies.

While the opening tone pointed upward, market direction may still depend on how Powell frames the outlook for inflation, growth, and borrowing costs. For now, investors appear to be waiting for clearer guidance before committing to a bigger risk move.

Ecb forum

US stock futures rise as investors await Powell’s ECB forum remarks