All eyes are on Jackson Hole, Wyo. Federal Reserve Chairman Kevin Warsh will deliver his first keynote address at the Kansas City Fed's annual conference at 10 a.m. ET today—an event expected to play a big role in where government bond yields head next. Traders are hopeful that Warsh, more tight-lipped than his predecessors, will offer a read on the economy and reassure markets that the central bank remains ready to raise interest rates if needed.

U.S. stock futures are mixed ahead of the speech. Nasdaq-100 contracts are ticking lower, weighed down by chip stocks after Marvell Technology's earnings disappointed investors. Though the semiconductor company lifted its guidance and reported higher revenue and profit, shares sank 8% premarket, the latest sign of the high bar investors have set for AI-linked companies.

Treasury yields and the dollar are largely flat ahead of Warsh's speech. Oil prices are ticking down, with Brent crude futures trading around $88 a barrel.