Stock futures drift ahead of inflation data

U.S. stock futures opened flat Tuesday evening, as investors looked ahead to a key report on the state of inflation in the U.S. to help clarify the path forward for monetary policy.

A key datapoint due for release Wednesday morning will be the Labor Department’s April Consumer Price Index (CPI), offering an update on price increases across the U.S. economy. Economists expect the report will show some deceleration in inflation rates and confirm that March was the peak for price gains this…

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