Stock futures jump slightly before March inflation report: Live updates  

Stock futures rose slightly Wednesday morning as investors awaited critical U.S. inflation data that will guide Fed rate policy.  

Dow Jones Industrial Average futures rose 44 points, or 0.1%. While Nasdaq-100 futures were stable, S&P 500 futures moved barely over the flatline.  

The March CPI will be released at 8:30 a.m. ET. Dow Jones economists predict a 0.3% monthly and 3.4% annual gain.   

Core CPI, which excludes volatile food and energy costs, is expected to grow 0.3% and 3.7%.  

Traders are watching the CPI data for hints on central bank interest rate policy, which will effect Wednesday's market.   

Fed funds futures trade data suggests a 42% chance of a rate hold in June, according to the CME FedWatch Tool.  

Quincy Krosby, chief global strategist at LPL Financial, says a hotter-than-expected inflation report might cause a market retreat following this year's run-up,   

while a cooler print could lower Treasury yields and bolster the share market.  

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