Wall Street awaits major inflation report and earnings as stocks edge higher

U.S. stock futures were mostly flat as investors awaited the release of the June consumer price index (CPI) report, which is expected to show a rise in inflation. The market is pricing in a high chance of the Federal Reserve raising interest rates at the July meeting. Meanwhile, the Atlanta Braves boast the best record in baseball ahead of their spinoff from Liberty Media, and Coty shares rose after reports that Kim Kardashian is considering buying back her minority stake in her beauty line.