U.S. stock futures wavered after data showed an unexpected rise in producer prices in October, as increased costs for food and services overrode a decline in the cost of fuel.
"This morning we actually got a whiff of inflation in the PPI number, which came in hotter across the board. A modicum of inflation is good," said Art Hogan, chief market strategist at Wunderlich Securities.
"We repeat our March 2015 rate hike expectations," emailed Peter Boockvar, chief market analyst at the Lindsey Group, after the government reported a 0.2 percent gain in wholesale costs last month.
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