Stock futures dipped lower after the latest update on core inflation came in a touch higher than expected.
S&P 500 futures were down 0.4%. Nasdaq 100 futures were down 0.6%. Dow futures were down 0.3%.
The headline personal-consumption expenditures price index matched economists’ expectations with a 0.3% monthly increase in February, but the core PCE rose 0.4%, compared with expectations for a 0.3% increase.
The core PCE excludes food and energy costs.
