Stock futures were slipping Wednesday ahead of remarks from Federal Reserve Chairman Kevin Warsh that will be scrutinized for clues on where interest rates are heading.
Warsh is expected to say that taming inflation is a priority
when he appears on a panel at a European Central Bank forum in Portugal at 0900 ET.
ING said it was "hard to see Warsh softening his hawkish tone" given consumer confidence levels and strong U.S. equity returns.
"If the labor market continues to remain solid, inflation will likely prove to be the more important factor in dictating the Fed's next move," Russell Investments said.
