Wall Street Futures Show Caution Ahead of Inflation Report

As the new week begins, Wall Street futures are predominantly in the red, with investors on edge awaiting the release of tomorrow's inflation figures. Analysts are predicting a slight increase in July's annual inflation rate from June's 2.7%, a development that could further inflame tensions between the Federal Reserve and President Donald Trump, who has been vocal in his demands for interest rate cuts.

Market Movements in Early Trading

At 4:25 am ET, Dow Jones futures remained unchanged, showcasing a wait-and-see approach among traders. Meanwhile, the Nasdaq 100 and the S&P 500 saw declines of 0.35% and 0.23%, respectively, reflecting the cautious mood.

Currency Markets React

The euro experienced a modest gain against the dollar, trading at 1.16545 by 4:26 am ET, indicating a slight shift in currency market dynamics amidst the broader financial uncertainty.