Wall Street Futures Hold Gains as July Inflation Meets Expectations

By EC Assets · Published 12 August 2026

Wall Street futures maintained gains after the July consumer inflation report aligned with expectations. Consumer prices increased by 0.1% in July. This brought the annual inflation rate to 3.4%. This cooler CPI inflation reading may bolster the case for the Federal Reserve to hold interest rates in September. US inflation eased as food costs cooled. Earlier, Wall Street futures had ticked up heading into the July inflation data release. US consumer prices were likely to have increased moderately in July as gasoline prices eased. India's inflation accelerated to 4.45% in July. This accelerated inflation is unlikely to shift the Reserve Bank of India's rate outlook. AI's costly buildout complicates the Fed's inflation fight. The FTSE 100 was subdued ahead of the US inflation data. Wall Street ended down previously as US, Iran peace optimism faded. Dow futures rose on key inflation data. Nvidia partner CoreWeave also soared on results. Super Micro stock rallied after its results, drawing attention from Wall Street analysts. This article is intended for informational purposes only. It does not constitute investment advice.