US Stock Market Futures Edge Higher Ahead of CPI Data

US stock market futures are slightly higher ahead of the August CPI report, expected to show prices rising 2.9% YoY. The modest gains come after a record-setting Wednesday session. Tech stocks are driving sentiment, with Oracle, Synopsys, Nvidia, and Broadcom gaining. The CPI print will be a decisive test for Fed policy, with even a slight upside surprise limiting further easing this year. Markets are pricing in a 90% probability of a 25 basis point rate cut next week.