India, Oct. 12 -- The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction in early trading following the rebound seen in the previous session.
Traders may be reluctant to make significant moves ahead of the release of key inflation data in the coming days that could have a significant impact on the outlook for interest rates.
The Labor Department is scheduled to release its report on consumer price inflation on Wednesday, with the annual rate of consumer price growth expected to accelerate to 3.6 percent in September from 3.4 percent in August.
Ahead of the release of the data, CME Group's FedWatch Tool is currently indicating an 80.6 percent chance the Fed will...