Stock futures are little changed as Wall Street awaits the Fed’s preferred inflation reading: Live updates

U.S. stock futures were little changed on Tuesday night as traders awaited the release of the Federal Reserve’s favorite inflation gauge.

A future connected to Dow Jones Industrial Average Added 24 points, or 0.05%. Meanwhile, S&P 500 futures Blinking near the flat line, while Nasdaq-100 futures fell 0.06 percent.

In other corporate news, several companies released their quarterly results. Dell Technologies The company fell 11% in extended trading as it was released. A dismal forecast For the current quarter.

Looking ahead to Wednesday, the Personal Consumption Expenditure (PCE) price index is scheduled for release at 10:00 a.m. ET. Economists surveyed by Dow Jones expect a year-over-year increase. An increase of 2.8 percent for basic readingwhich excludes food and energy. Investors will look to the data for signs of how the Fed may move forward on its rate policy at its December meeting.

In fact, the Fed released the minutes from its November meeting on Tuesday. While Central Bank officials said that they Expect further interest rate cuts Coming down the pike, he said the pace of cuts would be “gradual”.

“I think they will cut again. [in December]Stephen Stanley, chief U.S. economist at Santander U.S. Capital Markets, told CNBC.Power lunch“I think they feel like they’re still a long way from neutrality, so they feel like they’ve got some distance to go and they’d like to get another notch on their belt on that.”

Other key data out on Wednesday included personal income and consumer spending for October. It is also scheduled to release at 10:00 AM ET.

It’s also a short trading week in the US, with markets dark for the Thanksgiving holiday on Thursday and then closing early on Friday. Trading volume is expected to remain light. Even so, stocks ended in the green across the three major averages on Tuesday. both S&P 500 And Dow Fresh intraday and closing highs reached.