Will today’s inflation report push the Federal Reserve to cut interest rates this fall? The report shows “inflation is under control, even if not quite at target,” said Daniel Siluk of Janus Henderson Investors.

Futures tied to the Dow Jones, S&P 500, and Nasdaq were modestly higher early Wednesday, hinting that the momentum from Tuesday’s rally could carry into another session. Investors remain focused on the Federal Reserve’s next move after fresh consumer price inflation figures reinforced expectations for a September interest rate cut.

At the open, the Dow Jones Industrial Average rose 112.9 points, or 0.25%, to 44571.53. The S&P 500 rose 16.9 points, or 0.26%, to 6462.67​, while the Nasdaq Composite rose 82.6 points, or 0.38%, to 21764.548.