FX.co ★ US Futures Steady Ahead of Key Inflation Data

US stock futures were little changed on Wednesday as investors awaited a key inflation reading that could influence the Federal Reserve’s next policy move. The consumer price index report is due later today, followed by producer price data on Thursday. Markets remain split over whether the Fed will raise interest rates by 25 basis points in September after leaving them unchanged in July, with rising oil prices strengthening expectations for a more hawkish stance.

In corporate news, CoreWeave rallied more than 14% in after-hours trading after the ongoing boom in artificial intelligence spending boosted the company’s sales outlook. Super Micro Computer gained over 7% after the data center infrastructure provider issued upbeat guidance for first-quarter earnings and revenue. Investors now turn their focus to additional earnings reports due Wednesday from Cisco Systems, Cerebras, Enersys and others.