Live updates: Stock futures inch up as Wall Street gears up for inflation report

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Distribution

Futures on the major indexes were slightly higher Thursday as Wall Street was gearing up for another inflation report.

Investors optimistic

Investors are feeling cautiously optimistic as they await the release of the Consumer Price Index (CPI), a key indicator of inflation.

Rising concerns

There have been growing concerns about inflation recently, with prices of goods and services on the rise. This has led to fears of an overheating economy and potential interest rate hikes by the Federal Reserve.

Market reaction

Despite these concerns, the stock market has remained relatively stable, with investors taking a wait-and-see approach. Many are looking to the CPI report for further insight into the state of the economy.

The road ahead

As Wall Street awaits the latest inflation data, analysts are predicting that any significant increase in the CPI could lead to heightened market volatility. Investors are advised to remain cautious and closely monitor the news for any developments.

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