US stock futures inched higher around the flatline as Wall Street braced for July's inflation report and President Trump revealed his pick to head the Bureau of Labor Statistics.

For investors, the July CPI print was just right, as it raised the odds of a rate cut at the next Fed meeting while showing that inflation isn't spiraling.

Check back throughout the day for market updates. Good morning. Futures are flat for the moment as investors await the July inflation report. It's out at 8:30 a.m. ET and it's sure to be a market mover.