Stock futures are little changed as traders look ahead to key inflation data: Live updates

Investors are coming off a positive session for the major averages, with the Dow Industrials, S&P 500 and Nasdaq all snapping a three-day slide.

The June consumer price index report set for release premarket Wednesday, as well as the June producer price index due out Thursday, will shed light on whether the decline in inflation has continued, and create the backdrop for future direction of interest rates.

"The pause, agree or disagree, is to gather more information," Solus Alternative Asset Management's Dan Greenhaus said Monday on CNBC's "Closing Bell." He added, "One more hike or two more hikes is much less important than when, ultimately, they begin to cut rates on the other side of this. That's much more consequential for, I think, the risk landscape than one more hike or two more hikes.

On the economic front, June's NFIB Small Business Index, a measure of business confidence, is set for release Tuesday before the bell. Economists polled by Dow Jones are anticipating a reading of 90.0, slightly higher than the 89.4 level in May.

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