US stock futures edged higher as investors awaited a second batch of inflation data to follow Tuesday’s soft consumer price report and another wave of second quarter earnings.

Futures on the Dow Jones Industrial Average (YM=F) and those on the S&P 500 (ES=F) gained 0.2%. Nasdaq-100 (NQ=F) futures added 0.5% as stocks looked to build on gains from the day before.

The focus turns to Wednesday’s release of the Producer Price Index, after the latest Consumer Price Index data showed the largest single-month decline in inflation since April 2020. The cooler-than-expected reading reshaped the Fed interest rate hike debate, as traders scaled back their bets for a hike in the near term.

Markets will get additional signals from Fed Chairman Kevin Warsh’s more circumspect central bank on Wednesday, including the Fed’s Beige Book of anecdotal data. Warsh is also expected to undergo another round of questioning before the Senate Banking Committee as well after he testified to Congress on Tuesday that the Fed has “no tolerance for persistently elevated inflation.”

Earnings season, meanwhile, continues to pick up, with financial companies Morgan Stanley (MS) and BlackRock (BLK) reporting results following Wall Street’s message of economic resilience on Tuesday. “It’s getting close to as good as it gets,” JPMorgan CEO Jamie Dimon said about current banking conditions on a call with analysts.

Rounding out the results, the Street will also hear updates from chipmaking equipment provider ASML Holding N.V. (ASML), drug maker Johnson & Johnson (JNJ), and major air carrier United Airlines Holdings (UAL).