Stock futures are little changed ahead of Wednesday's big inflation report: Live updates

US stock futures rise as traders brace for July inflation data

July CPI (Aug 12) drives Fed's September rate decision; inflation cooled from 4.2% to 3.5% (June), but markets price 44% rate-hike odds amid labor weakness and oil volatility. Below-trend inflation would deflate rate-hike odds and protect tech capex; above-expectations print could push Fed to raise rates, compressing M&A and enterprise budgets.