At least seven Fed officials including St. Louis Fed President Alberto Musalem are expected to speak later in the day. "The hawks are expected to support the current 'wait-and-see' approach, with the doves most likely highlighting the recent soft inflation report and the lingering uncertainty from tariffs,

U.S. stock futures point to a lower open, a day after stocks made a comeback to close higher despite Moody's stripping the U.S. of its top AAA rating.