"Market Optimism Builds as U.S. Stock Futures Rise Ahead of CPI Inflation Data"

U.S. stock futures rose ahead of the release of the U.S. consumer-price index (CPI) for June, a key measure of inflation. Investors are closely watching the CPI data as it will impact expectations on interest rates. Economists expect a decrease in both headline CPI and core CPI, which could potentially give the Federal Reserve some leeway in its rate-hike cycle. The outcome of the CPI print will help solidify market expectations and could influence risk assets and the U.S. dollar.