June 28 (Reuters) - U.S. stock index futures were steady
on Friday after a key inflation reading was broadly in line with
expectations in May, lifting hopes for an earlier start to
policy easing.
The personal consumption expenditures (PCE) price index -
the Federal Reserve's preferred inflation gauge - was flat, in
line with expectations. On an annual basis, PCE inflation rose
2.6%, as forecast.
Excluding the volatile food and energy components, the PCE
price index increased 0.1% in May. Annually, it came in at 2.6%,
with both prints in line with forecasts.
At 8:35 a.m. ET, Dow e-minis were up 30 points, or
0.08%, S&P 500 e-minis were up 21.25 points, or 0.38%,
and Nasdaq 100 e-minis were up 105.25 points, or 0.53%.