U.S. stock index futures edged higher on Wednesday in the lead up to a crucial inflation reading that could influence the Federal Reserve's monetary policy path this year. The March reading of the U.S. Consumer Price Index (CPI) is now in focus and is expected to show a rise in headline inflation to 3.4% year-on-year, from 3.2% in February. Traders have priced in about 67-basis-point rate cuts by the Fed, according to LSEG data, down from about 150 bps anticipated at the start of the year.
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