Stock index futures were muted on Wednesday, as investors braced for a key inflation report. S&P 500 futures (SPX) -0.1%, Nasdaq 100 futures (US100:IND) -0.2% and Dow futures (INDU) were changed. The 10-year Treasury yield (US10Y) fell 4 basis points to 4.

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Stock futures were little changed Wednesday ahead of the release of the Federal Reserve's preferred measure of inflation, as investors digested a flurry of earnings reports that came out after yesterday's closing bell.

U.S. stock index futures edged lower on Wednesday as investors awaited key economic data, particularly the crucial monthly inflation report, which is expected to impact the Federal Reserve's future monetary policy trajectory.