mbbirdy/E+ via Getty Images Stock index futures were muted on Monday, as traders brace for the Federal Reserve's monetary policy announcement set to come later in the week. S&P 500 futures (SPX) +0.1%, Nasdaq 100 futures (US100:IND) were unchanged, and Dow futures (INDU) +0.2%. The 10-year Treasury yield (US10Y) was flat at 3.65%. The 2-year yield (US2Y) was down 2 basis points to 3.57%. U.S. stocks ended higher Friday, wrapping a volatile week of trade with gains as debate continued over whether the Fed will start rate cuts next week with a large half-percentage point reduction. \"By the end of the week, markets got a further boost as the prospect of a 50bp Fed rate cut this month came back into view, which provided a fresh uplift for equities and bonds,\" Deutsche Bank's Jim Reid said. The Fed will meet on Tuesday and Wednesday, and a rate cut is widely expected. About 41% of traders expect the Fed to trim the rates by 25 basis points, while 59% expect a 50 basis points slash, according to CME Group's FedWatch Tool. \"A rate cut is clearly expected, as inflation pressures continue to fade in the US. However, a rate cut of more than 25bps seems unlikely—while the Fed is late in cutting rates, a larger move might be taken as a sign of panic. Higher frequency cuts rather than larger cuts seem most likely,\" UBS' Paul Donovan said. On the political side, Former President Donald Trump was safe after what the Federal Bureau of Investigation called an apparent assassination attempt on Sunday at his golf course in West Palm Beach, Florida.