Inflation accelerated slightly for the month of October, sparking concern the Fed could pause its interest rate-cutting cycle in January.

U.S. equity futures edged lower in early Wednesday trading, while Treasury yields moved higher and the dollar steadied, as investors looked to a key inflation reading that could accelerate repricing of the so-called 'Trump Trade' and test the market's solid post-election rally.

S&P 500 futures are down 0.1%. Dow Jones Industrial Average futures are dipping 0.2%. Nasdaq 100 futures are falling 0.1%. On Tuesday, the Dow Jones Industrial Average fell 382 points, or 0.86%, to 43,