The consumer price index for March showed a 0.1 percent rise.
The so-called core CPI, which strips out food and energy costs, inched up 0.1 percent, the smallest increase since August and followed a 0.3 percent increase in February, Reuters said. In the 12 months through March, the core CPI rose 2.2 percent after gaining 2.3 percent in February.
Weekly jobless claims came in at 253,000, revisiting a level last seen in 1973.
The day will also bring natural gas inventories.
Ahead of a scheduled public appearance in Chicago, Atlanta Federal Reserve Bank President Dennis Lockhart on Thursday said on Bloomberg Radio he no longer expects to advocate for a U.S. interest rate hike in April, but added there is still time for two or three rate hikes this year, Reuters reported. If there is no rebound this quarter from apparently weak first-quarter growth, he said he would advocate caution in interest rate policy.
In terms of speeches, Governor Jerome Powell will testify before some Senate Subcommittees at 10 a.m. ET on Wednesday on changes in the fixed income markets. Plus, the International Monetary Fund's managing director, Christine Lagarde, will hold a media briefing after the fund releases its latest Global Policy Agenda.
Asian equities rallied overnight, taking their lead from Wall Street trade on Thursday.
European shares traded mixed on Thursday, with Brent and WTI crude oil futures gaining ahead of a high-profile meeting between oil-producing nations at the weekend. The meeting in Qatar is aimed at freezing output at current levels.
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—Reuters contributed to this report.