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US stock index futures were higher on Monday morning, as investors prepare for a crucial meeting of the Federal Reserve this week.
At around 6 am, Dow futures posted a positive opening of more than 45 points. S & P and Nasdaq futures both traded higher.
Traders are largely focused on monetary policy and a meeting of the Federal Reserve is due to start on Tuesday. Market expectations point to Fed interest rate cuts this year, but several analysts told CNBC that they do not see a monetary policy change this week.
Other Fed observers told CNBC that they saw President Jerome Powell remove the word "patient" from his statement and open the door to a reduction next month.
At the same time, US President Donald Trump warned over the weekend that if he was not re-elected in 2020, he would be performing "a stock market crash like we've never seen it before".
In terms of data, investors will turn to the Empire State's manufacturing data at 8:30 am ET, and the Housing Association of the National Association of Home Builders index forecast at 10:00 am ET from the East.
There is no business profit to note.
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