The S&P 500 futures trade 11 points above fair value.
Minneapolis Fed President Neel Kashkari (FOMC nonvoting member) stated in a Bloomberg interview that he supports two additional rate cuts this year.
Mr. Kashkari stated he is confident that inflation will go back to 3%, but the Fed will have to adjust policy because of tariffs, though he noted he is getting more confident that tariffs are a one-time price increase.
There are no economic data releases of note today.