The analysis discusses key market movements before the opening bell, focusing on updates from the Federal Reserve and major corporate earnings reports. U.S. stock futures are trading flat as investors digest the Federal Open Market Committee's recent meeting minutes and ongoing excitement around AI-driven technology stock gains. The Federal Reserve's minutes revealed a divided committee on the future path of interest rates, weighing the balance between cooling employment and persistent inflation pressures. Most officials lean towards additional rate cuts throughout 2025, aiming for a neutral policy stance. Delta Airlines is set to release quarterly earnings before the market opens, following an optimistic revenue outlook for the third quarter, Delta's raised guidance reflects renewed confidence in the United States travel industry. PepsiCo will report earnings today amid pressure from activist investor Elliott Management, which proposes strategic changes. Gold prices have retreated slightly after a ceasefire in the Middle East eased safe haven demand, yet gold remains near record highs above $4,000 an ounce. Supportive factors for gold include dovish Federal Reserve comments, hinting at future rate cuts, ongoing geopolitical tensions, and concerns over global fiscal health.