US Futures Steady Ahead Of Inflation Data

US stock futures were little changed on Wednesday as investors awaited a key inflation reading that could shape the Federal Reserve’s next policy decision.

The consumer price index report is due later today, followed by producer inflation data on Thursday.

Markets remain divided over whether the Fed will raise rates by 25 basis points in September after keeping them unchanged in July, with rising oil prices reinforcing expectations for a more hawkish stance.

In corporate news, CoreWeave surged more than 14% in extended trading after the artificial intelligence spending boom lifted the company’s sales outlook.

Super Micro Computer also jumped more than 7% after the data center infrastructure provider issued upbeat guidance for first-quarter earnings and revenue.

Investors now turn their attention to more earnings reports on Wednesday from Cisco Systems, Cerebras and Enersys, among others.