U.S. stock futures steadied on Thursday as investors awaited PPI data to gauge the Federal Reserve's interest-rate path after the previous day's inflation shock, while the prospect of Russia-Ukraine peace talks encouraged some risk-taking.
The focus will be on the January producer price index report, expected at 8:30 a.m. ET, with economists polled by Reuters expecting a monthly uptick of 0.3%.
A consumer price index reading on Wednesday showed the highest increase in prices in nearly a year and a half in January, underscoring the U.S. Federal Reserve's messaging that it was in no rush to resume cutting interest rates anytime soon.
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