US stock futures were steady on Monday as investors awaited this week’s pivotal Federal Reserve meeting. Markets are pricing in about a 96% chance of a 25 basis point rate cut on Wednesday and roughly a 4% likelihood of a larger half-point move. The expectations follow recent US data showing a cooling labor market and subdued inflation. Traders are also watching whether Stephen Miran will be sworn in as a Fed governor ahead of the meeting. Last week, the Dow advanced 0.95%, the S&P 500 gained 1.59%, and the Nasdaq Composite climbed 2.03%, with all three benchmarks hitting all-time highs. Sentiment remained underpinned by optimism around artificial intelligence, even as concerns over the economic outlook persisted.