"US Futures Point Lower as Stock Market Faces Another Inflation Test"

US stock futures are set to decline as investors await another key inflation report following a surprise increase in consumer prices, leading to a reassessment of expectations for Federal Reserve policy. The 10-year Treasury yield steadied after surging to its highest level since November. Rising oil prices and a European Central Bank rate decision also contribute to market uncertainty. Meanwhile, hopes are pinned on first-quarter corporate results to provide momentum to stocks amid concerns about high borrowing costs impacting earnings.