Stock market today: Dow, S&P 500, Nasdaq futures mixed as traders lift Fed rate hike bets ahead of key inflation data

Dow, S&P 500, and Nasdaq futures are mixed as traders increase bets on a July interest-rate hike. This movement precedes the release of key US inflation data and a scheduled appearance by the Federal Reserve head. Bond traders are ramping up expectations for action, as the upcoming CPI data and the Warsh hearing are expected to reinforce the need for the Fed to raise rates to combat inflation in the current economic climate.