Dec 20 (Reuters) - U.S. stock index futures pared some

declines on Friday after a cooler-than-expected inflation

reading calmed some investor concerns over fewer rate cuts next

year.

A Commerce Department report showed the Personal Consumption

Expenditure (PCE) index, the Fed's preferred inflation measure,

rose 2.4% in November on an annual basis, compared with

estimates of 2.5%, as per economists polled by Reuters. On a

monthly basis, it rose 0.1%.

Excluding volatile food and energy components, the core PCE

rose 2.8%, compared with estimates of 2.9%. It rose 0.1% on a

monthly basis.

At 8:32 a.m. ET, Dow E-minis were down 116 points,

or 0.27%, S&P 500 E-minis were down 31 points, or 0.52%

and Nasdaq 100 E-minis were down 192.5 points, or 0.9%.