Dow Jones Futures Retreat Ahead of Key Inflation Data

In premarket trading on Friday, August 29, 2025, Dow Jones Industrial Average futures slipped 0.28% to 45,507 as investors positioned for the July Personal Consumption Expenditures price index, the Federal Reserve’s preferred inflation gauge, due at 8:30 a.m. ET.

Market participants have priced in an 84.2% probability of a 25-basis-point rate cut at the Fed’s September meeting, following dovish hints from Chair Jerome Powell at Jackson Hole. Meanwhile, S&P 500 futures eased 0.24% to 6,486, and Nasdaq-100 futures fell 0.43% to 23,601.

A spate of cooling economic data weighed on sentiment. Traders paused ahead of the long Labor Day weekend, while Marvell Technology and Dell Technologies shares declined sharply in premarket after disappointing outlooks.

After the PCE report matched expectations-showing July core inflation up 2.9% year-over-year-futures pared losses. As of 8:00 a.m. ET, Dow e-minis were down 114 points (0.25%), S&P 500 e-minis had fallen 17.5 points (0.27%), and Nasdaq-100 e-minis were off 110 points (0.46%).

Investors will also monitor preliminary Michigan consumer sentiment and wholesale inventories ahead of the opening bell.