The latest reading of the personal consumption expenditure price index, the Fed's favored inflation gauge, is due out at 8:30 a.m. ET Thursday morning.
U.S. stock futures were little changed on Wednesday night after a massive comeback following President Donald Trump’s decision to suspend attacks on Iran for two weeks.
S&P 500 futures
and Nasdaq 100 futures
slipped 0.1%. Futures tied to the Dow Jones Industrial Average
fell by 10 points, or less than 0.1%.
Stocks extended their rally on Thursday after President Donald Trump agreed to a two-week ceasefire with Iran.
President Donald Trump extended the U.S. ceasefire with Iran on Tuesday afternoon.
The major averages staged a relief rally on Monday after President Trump said that the U.S. and Iran have had "productive" talks.
Tuesday concluded both a losing month and quarter for all three major indexes.
On Wednesday, the major averages rose on traders' hopes that there would soon be a resolution to the conflict in the Middle East.
Economists polled by Dow Jones are calling for headline inflation to have gained 3.7% from a year earlier.
