US pre-open: Futures cautiously higher ahead of CPI reading
By Iain Gilbert
Date: Thursday 11 Sep 2025
(Sharecast News) - Wall Street futures were in the green ahead of the bell on Thursday as market participants awaited August's all-important consumer price inflation report.
As of 1200 BST, Dow Jones futures were up 0.16%, while S&P and Nasdaq-100 futures had the indices opening 0.18% and 0.25% higher, respectively.
The Dow closed 220.42 points lower on Wednesday, reversing gains recorded in the previous session, while the Nasdaq was given a leg up after Oracle shares surged 36% - the largest single-day gain ever recorded for a company worth more than $500bn.
Thursday's main focus will undoubtedly be last month's CPI report, due out at 1330 BST, with economists expecting to see the index to rise 0.3% month-on-month for an annualised gain of 2.9%. Core CPI, which strips out volatile food and energy prices, was also expected to increase 0.3% on July's figure and 3.1% year-on-year.
Today's CPI reading also comes just 24 hours after August's producer price index revealed an unexpected decline of 0.1%. On an annualised basis, PPI rose 2.6%.
Rostro's Joshua Mahony said: "Attention now turns to the US inflation picture, with August CPI due later today. Consensus looks for a 0.3% monthly increase, keeping year-on-year inflation below 3% and reinforcing the narrative of controlled inflation pressures. Yesterday's PPI release saw a welcome decline to -0.1%, allaying last month's fears of an inflationary surge in the wake of a 0.9% monthly figure.
"Markets now see next week's Fed meeting as a near-certainty for a 25bp rate cut, with a small but notable minority pricing in the possibility of a bolder 50bp move. Given this week's -911k payroll revision, another controlled inflation report today provides the basis for the Fed to cut rates in confidence next week."
Elsewhere on the macro front, weekly jobless claims numbers will be released at 1330 BST, while the Federal Government's August monthly budget statement will follow at 1900 BST.
In the corporate space, Kroger was scheduled to publish its second-quarter figures on Thursday morning, while Adobe will report its latest set of quarterly earnings after the close.
Reporting by Iain Gilbert at Sharecast.com
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