US stock futures held steady as investors await the release of January's inflation report for insights into the Federal Reserve's interest rate plans amid President Donald Trump's fast-moving economic policy.

Nasdaq futures ( NQ=F ) crept up 0.2%, while S&P 500 futures ( ES=F ) and Dow Jones futures ( YM=F ) remained flat.

The January CPI report is set to be released on Wednesday at 8:30 a.m. ET. Consumer prices are expected to have risen 0.3% over the prior month, a slight deceleration from the 0.4% increase in December. Prices, excluding food and gas, are expected to have climbed 3.1% year-over-year.

On Tuesday, Federal Reserve Chair Jerome Powell addressed Congress and reiterated the central bank's cautious stance on cutting interest rates amid stubborn inflation and policy uncertainties under Trump.

Reddit ( RDDT ) is set to announce earnings after-close Wednesday and Wall Street's expectations for the social media company are sky-high . Investors are also anticipating Robinhood ( HOOD ) earnings as the company's stock recently touched a 3-year high.

As tariffs have jostled markets, a report found that trust in Trump's handling of the economy has been shaken . Reciprocal tariffs are expected to be announced on many countries by Friday of this week.