U.S. stock index futures remained steady as investors awaited crucial consumer inflation data that could influence the Federal Reserve's decision on interest rate cuts. Recent producer inflation data indicated a potential easing of inflation, leading to a rally on Wall Street, with the S&P 500 rising 1.7% and the NASDAQ Composite climbing 2.4%. Traders are divided on whether the Fed will implement a 25 or 50 basis point cut in September, with the likelihood of a larger cut increasing to 53% following soft inflation readings. The volatility in the market was further heightened by Home Depot's shares dropping after a profit forecast reduction. Meanwhile, German stocks showed stability as they reacted to earnings and awaited U.S. inflation data for guidance. Upcoming CPI and retail sales figures also remain in focus for investors.