US stock futures inched higher around the flatline as Wall Street braced for July's inflation report and President Trump revealed his pick to head the Bureau of Labor Statistics.

U.S. stock index futures rose on Tuesday after largely in-line consumer prices data kept bets of a Federal Reserve interest rate cut in September in tact.

U.S. stock futures were edging up early on Tuesday. Market attention is firmly fixed on inflation data which could help decide whether the Federal Reserve will resume rate cuts, overshadowing trade developments.