Stock Market Today-8/9: Stocks Lower With Inflation Data In Sight

U.S. equity futures edged lower Tuesday, while the dollar slipped modestly lower against its global peers and oil prices bounced higher, as investors adopted a cautious stance on risk ahead of a key inflation reading later in the week.

Quiet August trading volumes are also keeping traders in check Tuesday as the earnings season draws to a close and markets remain laser-focused on Wednesday’s July inflation reading, which is expected to indicate a pullback in headline CPI from its 41-year peak of 9.1% and possibly being a series of readings that could provide the Federal Reserve with enough data to conclude that its interest rate hikes are finally having an effect.

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