US stock index futures advanced on Monday, providing a stable start to what could prove to be an eventful week as investors await speeches from multiple Federal Reserve officials while closely monitoring the risk of a government shutdown.

Friday's inflation data came in line with expectations, allowing market bets on interest rate cuts to persist. Although the three major indices posted weekly declines, the data helped drive gains on Friday.

Dow Jones mini futures climbed 169 points, or 0.36%; S&P 500 mini futures rose 34.3 points, or 0.51%; and Nasdaq 100 mini futures gained 166 points, or 0.67%.

Current market attention is focused on the standoff between Republicans and Democrats over government funding. If the impasse cannot be resolved, the US government could shut down starting September 30 (Wednesday, the first day of fiscal year 2026).

Thomas Simons, Chief US Economist at Jefferies, wrote: "If a government shutdown prevents the Bureau of Labor Statistics from releasing employment or inflation data, October rate cut plans could face postponement risks."

The Trump administration has also threatened to permanently lay off some federal agency employees if funding runs out, which could lead to a surge in initial jobless claims in October.

Simons added: "To some extent, we are in uncharted territory, so it's too early to judge the ultimate impact."

These developments come at a critical juncture for markets, as any interruption in economic data could blur the economic outlook and trigger new market volatility.

Fed officials have repeatedly emphasized that their policymaking is "data-dependent," and the absence of key economic indicators could complicate policy decisions.

Cleveland Federal Reserve Bank President Beth Hammack told CNBC on Monday that the Fed needs to maintain restrictive monetary policy to control inflation.

Several Fed officials are scheduled to speak throughout the day, including New York Fed President John Williams, St. Louis Fed President Alberto Musalem, Atlanta Fed President Raphael Bostic, and Fed Governor Christopher Waller.

Investors will closely watch whether officials express concerns about missing economic data if a government shutdown becomes reality.

Monday will also see the release of the National Association of Realtors' August pending home sales index. This index serves as a leading indicator of real estate market activity, as the US housing sector currently faces challenges from high mortgage rates.

In pre-market trading, US-listed cannabis-related companies saw share price increases: Canopy Growth Corporation and Cronos Group rose 21% and 11% respectively. This followed Trump's Sunday video promoting the health benefits of cannabidiol (CBD) extracted from industrial hemp.

Electronic Arts shares declined slightly by 1%, after the company's stock jumped 15% on Friday's close compared to the previous day. Reuters reported on Friday, citing sources familiar with the matter, that the video game developer is in advanced talks regarding privatization with an estimated valuation of approximately $50 billion.