April 28 (Reuters) - U.S. stock index futures held
losses on Friday after a keenly watch inflation gauge rose
largely in-line with expectations, prompting investors to stick
to their bets of the Federal Reserve hiking interest rates again
next week.
Personal consumption expenditure index, the Fed's preferred
inflation gauge, rose to 4.2% in March on a year-over-year basis
from a 5% rise in the previous month.
However, the core rate, excluding prices of volatile items
such as food and energy, remained unchanged at 4.6%, versus
economists' projections of a 4.5% rise.
At 8:38 a.m. ET, Dow e-minis were down 130 points,
or 0.38%, S&P 500 e-minis were down 13 points, or 0.31%,
and Nasdaq 100 e-minis were down 26.5 points, or 0.2%.
(Reporting by Ankika Biswas in Bengaluru
Editing by Vinay Dwivedi)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.