U.S. Stock Futures Dip Amid Lower-Than-Expected Inflation

U.S. stock index futures dropped in volatile trading as new data revealed that headline inflation for July was lower than anticipated. The Consumer Price Index (CPI) rose 0.2% monthly and 2.9% annually, both slightly below forecasts. Core inflation matched expectations, also rising 0.2% monthly and 3.2% annually.

U.S. stock index futures experienced a decline in volatile trading on Wednesday, following a report indicating that headline inflation for July was lower than economists had predicted.

The Labor Department's data showed the Consumer Price Index (CPI) increased by 0.2% monthly and 2.9% annually, compared to a predicted 0.2% monthly and 3% annual rise.

Excluding food and energy, the core CPI also rose 0.2% on a monthly basis, aligning with expectations, while its annual growth matched the forecast at 3.2%. As of 08:33 a.m. ET, Dow, S&P 500, and Nasdaq 100 E-mini futures were all trading lower.

(With inputs from agencies.)