US stock index futures trimmed their losses on Thursday as investors evaluated the latest rates steady.
A report from the Commerce Department indicated that the Personal Consumption Expenditures Price index climbed 0.5% in September, matching the projections of economists surveyed by Reuters. On an annual basis, the index rose 3.6%, which also aligned with market estimates.
The core index saw a monthly increase of 0.3% and a year-on-year rise of 3.1%. Both of these figures were consistent with analyst expectations.
Separate data on advance gross domestic product revealed that the US economy expanded by 3.4% during the third quarter, surpassing the anticipated 3.2% growth. Meanwhile, a report on jobless claims for the week ending October 24 showed 194,000 filings, coming in below the projected 199,000.
As of 08:32 a.m. ET, Dow E-minis had fallen 146 points, or 0.28%, while S&P 500 E-minis were down 27.5 points, or 0.35%. Nasdaq 100 E-minis declined by 346.5 points, or 1.16%.
