U.S. stock futures remained mostly flat on Monday as investors looked ahead to the U.S. CPI report for August 2025. The Consumer Price Index—a key gauge of inflation—will be released Tuesday, and markets are bracing for a number that could shape Federal Reserve policy in the coming months.

Even with the cautious tone, several tech names posted notable gains. CoreWeave stock surged 8% after strong demand for its AI cloud services, while Micron stock rallied 4.1% as chipmakers continued their strong momentum. Tesla stock entered a new buy zone, gaining 2.9% and drawing attention from traders looking for breakout opportunities.

Market analysts say traders are in “wait-and-see mode” ahead of the CPI release. “This report could swing expectations for interest rate cuts or hikes—so no one wants to take big positions before the data,” one strategist explained.

Economists expect a slight cooling in inflation compared to July, which could ease concerns about high prices. But a higher-than-expected reading might spark fears of persistent inflation, pushing the Fed to keep rates elevated for longer.

With earnings season wrapping up, macroeconomic data like the CPI will take center stage. Later this week, traders will also watch the Producer Price Index and consumer sentiment reports for more clues about the economy’s direction.

For now, Wall Street is holding steady—but Tuesday’s inflation data impact could quickly shift sentiment across the stock market news cycle.