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.

Stock futures were little changed on Tuesday morning ahead of the highly anticipated release of July inflation data.

U.S. stocks were edging higher in early trading Monday, with the S&P 500 and Nasdaq within striking distance of fresh record closes. Investors were shifting their focus to this week's consumer-price index for July and monitoring the tail end of quarterly corporate earnings.