US stock index futures edged lower, focusing on inflation indicators favored by the Federal Reserve.

Traders are watching to see if the ceasefire between the United States and Iran can hold, while both sides continue to accuse each other of violating the agreement. Oil prices have risen, while US stock index futures have edged slightly lower. At 7:33 New York time, S&P 500 index futures are down 0.4%, Nasdaq 100 index futures are down 0.3%, and Dow futures are down 0.5%. The market is giving back some of the sharp gains seen on Wednesday. At that time, the optimistic mood surrounding the two-week ceasefire agreement between the two sides pushed risk assets into a relief rally. Despite the escalated rhetoric, the ceasefire continues to hold overall on Thursday, with attacks on Arab states in the Persian Gulf decreasing. Raphael Thuin, head of capital market strategies at Paris-based Tikehau Capital, said, "There is a considerable degree of doubt in the market about the ceasefire and upcoming negotiations. The biggest question is, what state will the global economy be in after this crisis?" Later on Thursday, key inflation indicators closely watched by the Federal Reserve will provide a snapshot of pre-war price pressures. Economists expect the core personal consumption expenditure price index, which excludes food and energy prices, to rise by 0.4% for the third consecutive month in February. This suggests that even before the conflict erupted, progress in cooling inflation had stalled.