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* Spirit Airlines slips on revenue outlook cut

* Ford rises on plans to double production of pickup trucks

* Futures flat: Dow up 0.05%, S&P up 0.04%, Nasdaq down 0.01%

Sept 13 (Reuters) - Wall Street's main indexes were set to open subdued on Wednesday as data showed consumer prices clocked their highest rise in more than a year in August, fanning fears the Federal Reserve could keep interest rates higher for longer.

Data showed consumer price inflation rose in line with expectations on a monthly basis by 0.6% in August, compared with a 0.2% rise in July, but core inflation rose by more-than-expected 0.3% last month.

On a yearly basis, the headline inflation rose marginally higher than expected at 3.7% in August compared with a 3.2% increase in the previous month.

Gasoline prices accelerated in August, peaking at $3.984 per gallon in the third week of the month, according to data from the U.S. Energy Information Administration. That compared to $3.676 per gallon during the same period in July.

"We think the FOMC (Federal Open Market Committee) will pause this month but raise rates one last time in November and keep rates elevated until mid-2024, barring a recession that we don’t anticipate,” said Sam Stovall, chief investment strategist at CFRA Research.

Traders now see a 95% chance of the Fed holding rates in September and a 55% likelihood of a pause in November and December, according to the CME FedWatch Tool.

The Fed is likely to cut rates only from April-June next year, a Reuters poll showed.

Yield on the two-year Treasury note, which best reflects short-term interest rate expectations, rose 4 basis points after the CPI data, currently hovering around 5.0200%.

Investors will now shift focus to August producer prices and retail sales data on Thursday ahead of the Fed's Sept. 20 policy decision.

At 8:53 a.m. ET, Dow e-minis were up 18 points, or 0.05%, S&P 500 e-minis were up 1.75 points, or 0.04%, and Nasdaq 100 e-minis were down 1.5 points, or 0.01%.

Apple rose 0.5% in premarket trading, a day after it ended down 1.7% after the company unveiled new iPhone models.

Ford gained 1.5% on plans to double production of its hybrid F-150 pickup trucks in 2024.

U.S.-listed shares of Chinese electric-vehicle makers Li Auto, Nio and Xpeng fell between 1.8% and 2.8% after the European Commission started an investigation on whether to impose tariffs on their vehicles.

Sprit Airlines lost 3.7% as the low-cost carrier cut its third-quarter revenue outlook to reflect rising fuel prices.

Moderna gained 7.0% after the drugmaker said its flu vaccine mRNA-1010 met its primary goal in a late-stage trial. The firm also announced it was scaling down manufacturing of its COVID-19 vaccine.

(Reporting by Ankika Biswas, Shristi Achar A, Shubham Batra and Bansari Mayur Kamdar in Bengaluru; Editing by Savio D'Souza and Vinay Dwivedi)