Stock futures climbed slightly Wednesday as investors awaited the Federal Reserve’s interest rate decision and May’s consumer inflation data. Futures tied to the Dow Jones Industrial Average rose 43 points, or 0.1%. S&P 500 and Nasdaq 100 futures also ticked up by 0.1%. Oracle jumped 9% as traders fixated on the software maker’s newly announced cloud deals with Google and OpenAI, overlooking misses in the company’s latest quarter. During Tuesday’s trading, investors’ rotation into Apple helped lift the S&P 500 and the Nasdaq Composite to fresh closing highs. The iPhone maker announced its push into artificial intelligence at its developer conference this week, fueling a rally in the stock. The Dow was the outlier of the three major averages, losing 0.31%. Investors are looking to Wednesday’s conclusion of the Fed’s two-day policy meeting, which will feature an rate policy decision and a subsequent press conference with Fed Chair Jerome Powell. While the market’s pricing indicate that the Fed will maintain its benchmark overnight borrowing rate in a range between 5.25%-5.5%, the market will be watching for central bankers’ updates to their Summary of Economic Projections, which could clarify the path for policy. Investors have grown increasingly concerned that the recent strong jobs report and sticky inflation support a higher-for-longer interest rate environment. “The market will be focused on any mention—within the Fed statement, the dot plot, or Chair Powell’s comments—of concerns regarding the labor market, given Powell’s remarks that indications of deterioration could prompt the easing of rates,” said Quincy Krosby, chief global strategist for LPL Financial. May’s consumer price index print, a broad measure of goods and services costs, will also be released on Wednesday morning. The report is forecasted to show just a 0.1% increase from April and a 3.4% rise on a year-over-year  basis. U.S. Treasury yields were little changed on Wednesday as investors awaited the latest Federal Reserve interest rate decision and policy guidance, and looked to key inflation data. The yield on the 10-year Treasury was 1 basis point lower at 4.392%. The 2-year Treasury yield was also unchanged at 4.834%. Asia-Pacific markets were mixed on Wednesday as investors assessed inflation data from around Asia. Hong Kong Hang Seng index fell 1.35% after the CPI announcement, but the mainland Chinese CSI 300 was marginally up and closed at 3,544.12. The Taiwan Weighted Index gained 1.18% and hit an all-time high of 22,048.96, following upbeat investor sentiment on Apple announcing new AI features for its new operating system. Heavyweights Taiwan Semiconductor Manufacturing Corp and Hon Hai Precision Industry — also known as Foxconn — jumped over 3% each. Japan’s Nikkei 225 slipped 0.66% to 38,876.71, while the broad based Topix saw a larger loss of 0.73% and ended at 2,756.44.  However, South Korea’s Kospi was up 0.84%, finishing at 2,728.17 and the small-cap Kosdaq was 0.27% higher at 870.67. Australia’s S&P/ASX 200 fell 0.51% and closed at 7,715.5, extending losses from Tuesday. Oil prices ticked higher on Wednesday on upbeat global demand views from the U.S. Energy Information Administration and OPEC. Brent crude futures rose 11 cents, or 0.1%, to $82.04 a barrel at 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.2%, to settle at $78.10. Gold prices traded in a narrow range on Wednesday as investors awaited the U.S. consumer inflation print due later in the day and the Federal Reserve’s commentary on its interest rate policy. Spot gold was 0.1% lower at $2,314.56 per ounce, trading in a $7 range, as of 0929 GMT. U.S. gold futures rose 0.2% to $2,331.10.