Stock Futures Stable Ahead of August CPI Report and Rate Decisions

Stock futures were little changed as traders anticipated the upcoming August consumer price index (CPI) report. The Dow Jones Industrial Average futures were down by 11 points, and the Nasdaq 100 futures increased by less than 0.1%. In the regular trading day, the Dow lost over 300 points, or 0.6%, coinciding with a weekly decline of 2.5% for the Dow and 1.6% for both the S&P 500 and Nasdaq. The private sector believes there is a 71% likelihood of a Federal Reserve interest rate hike based on the CPI results, which could significantly impact inflation expectations and bond yields for ordinary investors.