US STOCKS SNAPSHOT-Futures pare losses after tame inflation data

Reuters

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    June 12 (Reuters) - U.S. stocks futures pared losses on
Wednesday after data showed consumer prices barely rose in May,
pointing to moderate inflation that could increase pressure on
the Federal Reserve to cut interest rates this year.
    The Labor Department said its consumer price index edged up
0.1% last month, in line with expectations of economists polled
by Reuters. Excluding the volatile food and energy components,
the CPI nudged up 0.1% for the fourth straight month.  urn:newsml:reuters.com:*:nLNSCHEF59
    
     At 8:32 a.m. ET, Dow e-minis  1YMc1  were down 41 points,
or 0.16%. S&P 500 e-minis  ESc1  were down 4 points, or 0.14%
and Nasdaq 100 e-minis  NQc1  were down 19.5 points, or 0.26%.
    A few minutes earlier, Dow e-minis  1YMc1  were down 56
points, or 0.21%. S&P 500 e-minis  ESc1  were down 6.25 points,
or 0.22% and Nasdaq 100 e-minis  NQc1  were down 27.5 points, or
0.37%.

 (Reporting by Amy Caren Daniel in Bengaluru; Editing by Arun
Koyyur)
 ((Amy.CarenDaniel@thomsonreuters.com ; within U.S.
+1-646-223-8780; outside U.S. +91 80 6749 9250 ; Reuters
Messaging: Amy.CarenDaniel.thomsonreuters.com@reuters.net))

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