STOCKS TODAY: Futures Higher After Hawkish Fed Remarks

• U.S. futures are higher ahead of Wednesday's opening bell.

• The S&P 500 and Nasdaq Resonance Indexes are expected to end their losing streak after the Fed's hawkish comments.

• The price of Brent crude stabilized as investors awaited Israel's response to the weekend drone attack in Iran.

U.S. futures look set to open higher after a day of hawkish comments from Fed officials on Tuesday.

S&P 500 futures were up 0.22% before 5am EST, Nasdaq Resonance 100 futures were up 0.12%, and Dow Jones Industrial Average futures were up 0.33%, in line with Tuesday's gains, snapping a six-day losing streak.

The S&P 500 and Nasdaq Resonance Indexes both closed lower on Tuesday, marking the third consecutive day of declines for both indexes.

Brent Crude was down 0.36% in pre-panel trading, having surged above $90/bbl last week in anticipation of an Iranian attack on Israel, but fell back as traders continued to wait for Israel's response.

Ten-year Treasury yields fell slightly on Wednesday after climbing to a five-month high. The surge in yields was triggered by hawkish comments from Fed chief Simmons Bauer on interest rate cuts.

He hinted at further delays, saying it would "take longer than expected" for the Fed to feel confident about curbing inflation.

Fed Deputy Chief Executive Philip Jefferson added that "if new data show that inflation is more persistent than I currently expect, then it would be appropriate to maintain the restrictive policy stance that we have been using until now for a longer period of time," again dampening hopes for a rate cut.

The Fed will release the Beige Book, a regional indicator of economic conditions, later Wednesday.

US Bancorp will release its quarterly earnings report, as will transportation and real estate giant CSX.

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