Follow live coverage and analysis of the August consumer price index reading, which the Bureau of Labor Statistics released earlier today.

Investors are looking ahead to an August consumer-price index report on Thursday that has the potential to curb the Federal Reserve’s enthusiasm for interest-rate cuts beyond September.

The August CPI came in higher than forecast on a monthly basis, but Wall Street still expects a rate cut at next week's Fed meeting.

Stock index futures gained on Thursday, as the consumer inflation sped up on a monthly basis in August, while core CPI was steady. S&P 500 futures (SPX) +0.3%, Nasdaq 100 futures (US100:IND) +0.4%, and Dow futures (INDU) +0.

Underlying US inflation rose as expected in August, keeping the Federal Reserve on track to cut interest rates next week.

CPI rose 0.4% month-over-month (MoM) in August, against the expected 0.3%. In August, Core CPI rose 3.1% YoY as per expectations. The figure rose 0.3% MoM as expected. The CPI data is the most common metric to measure inflation.

Investors react to Wednesday's weaker-than-expected producer-price index for August as the S&P 500 and Nasdaq eke out small gains to finish at new records.

The number of Americans filing for unemployment benefits for the first time hit the highest level since October 2021, the Labor Department reported on Thursday. Initial jobless claims rose by 27,000 in the week ending Sept.