Wall Street futures were muted pre-bell Wednesday as traders awaited a key inflation report from Washington, and the after-bell earnings release from Micron Technology (MU), considered a bellwether of the memory-chip industry.

In the futures, the S&P 500 was steady, the Nasdaq declined 0.1% and the Dow Jones was flat.

The Federal Reserve's preferred price gauge, the personal consumption expenditures-core inflation index for August, is slated for an 8:30 am ET release in Washington.

In morning action, West Texas Intermediate crude oil futures traded up 0.9% at $90.20 a barrel, while yields on 10-year US Treasuries eased slightly to 5.22%.

Asian exchanges traded mostly higher overnight on tech-sector strength. European bourses were mixed on the continent.

On the economic calendar, in addition to the PCE-core inflation bulletin, is the ADP Employment Report for September at 8:15 am ET.

The revised Q2 GDP bulletin, the Q2 corporate profits report, and the international trade in goods release for August post at 8:30 am.

The retail and wholesale inventories bulletins for August also log at 8:30 am.

The weekly EIA petroleum status report posts at 10:30 am.

The Atlanta Fed Survey of Business Uncertainty for September files at 11 am.

Federal Reserve Richmond President Thomas Barkin, Chicago President

Austan Goolsbee, Minneapolis President Neel Kashkari and Governor Lisa Cook are slated to speak on Wednesday.

In pre-market action, bitcoin traded at $83,829, while spot gold commanded $4,181 an ounce.