U.S. stock futures were little changed on Monday as investors awaited a key inflation report.
- Dow Jones Industrial Average futures slipped 20 points (-0.05%).
- Nasdaq 100 futures rose 0.11%.
- S&P 500 futures added 0.2%.
Markets are focused on Tuesday’s Consumer Price Index (CPI). Economists expect a 0.2% month-over-month rise in July and 2.8% year-over-year. Core CPI, excluding food and energy, is forecast to increase 0.3% monthly and 3.1% annually.
The data may influence the Federal Reserve’s next move on interest rates, with traders currently pricing in an 87% chance of a September rate cut, according to CME’s FedWatch Tool.
Investors also brushed off President Donald Trump’s decision to extend the 90-day pause on higher tariffs for Chinese goods.
Thursday’s Producer Price Index (PPI) report will also be closely watched ahead of the Fed’s Jackson Hole gathering later this month.