March 31 (Reuters) - Futures tracking Wall Street's main
indexes extended gains on Friday after data showed personal
consumption expenditure growth slowed in February, supporting
hopes of a softer monetary policy approach from the Federal
Reserve.
A report from the Commerce Department showed the Personal
Consumption Expenditure (PCE) index, which is the Fed's
preferred inflation gauge, rose 0.3% in February, on a monthly
basis, compared with a 0.6% rise in January.
Traders' bets of a 25-basis-point rate hike stand at 55.5%,
with odds of a pause at 44.5%, according to CME Group's Fedwatch
tool.
At 8:35 a.m. ET, Dow e-minis were up 127 points,
or 0.38%, S&P 500 e-minis were up 15 points, or 0.37%,
and Nasdaq 100 e-minis were up 33.5 points, or 0.26%.
(Reporting by Amruta Khandekar and Ankika Biswas in Bengaluru
Editing by Vinay Dwivedi)
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