Stock-index futures struggle to rebound as Treasury yields hold near 16-year highs, Fed meeting eyed.

U.S. stock futures were a tad firmer on Monday, but caution prevailed as bond yields rose and traders looked ahead to Wednesday's Fed comments.

U.S. stock futures were a tad firmer on Monday, but caution prevailed as bond yields rose and traders looked ahead to Wednesday’s Fed comments.

The S&P 500 dropped 1.2% on Friday after recent stronger-than-expected economic news alongside rising oil prices raised concerns that inflation may stay stubbornly above the federal Reserve’s 2% target. A clue to how central banks view these developments will be provided during the week. The Federal Reserve will deliver its policy decision midweek, followed by the Bank of England on Thursday and the Bank of Japan Friday, local dates.

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