Stock futures edged higher Monday as investors prepared for key inflation data following a weak August jobs report.

Dow futures rose 0.2%, S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced 0.4%.

The producer price index arrives Wednesday and the consumer price index Thursday, both critical for gauging the Federal Reserve’s next moves.

Recent hiring data fueled hopes of a Fed rate cut, possibly even a half-point, according to FedWatch.

Markets remain near record highs, with investors watching closely to see if the economy can sustain momentum, as reported by CNBC.