According to CoinWorld, U.S. stock futures were directionless after their best trading day since April, as markets awaited a key inflation report that could pave the way for the Federal Reserve to raise interest rates next month. S&P 500 futures edged up less than 0.1%, while tech-heavy Nasdaq 100 futures fell 0.4%. Crude oil prices continued to retreat, with WTI crude down 2% to around $85 a barrel, its lowest level since late August. Tom Essaye, founder of Sevens Report, said: “Hawkish Fed comments offset the continued decline in oil prices ahead of today’s CPI report.”
