According to CoinMeta, as U.S. inflation data is about to be released, there has been a divergence in the trends of U.S. stock futures. The S&P 500 futures contracts rose slightly by less than 0.1%, while the Nasdaq 100 futures contracts, which are dominated by tech stocks, fell by 0.4%. Crude oil prices continued to decline, with WTI crude oil prices falling by 2% to around $85 per barrel, the lowest level since the end of August. Sevens Report founder Tom Essay stated that the Fed's remarks offset the continuous decline in oil prices before the release of the CPI report.