March 11 (Reuters) - U.S. stock index futures inched
lower on Wednesday as investors assessed an in-line February
consumer prices reading and the Federal Reserve's outlook for
monetary policy.
A Labor Department report showed that the Consumer Price
Index rose 0.3% on a monthly basis in February, in line with a
0.3% increase forecast by economists polled by Reuters. It stood
at 2.4% on a year-on-year basis, in line with an estimated 2.4%
rise.
The core figure, excluding volatile food and energy
components, rose 0.2% on a monthly basis, compared with
expectations for a 0.2% advance. It came in at 2.5% on a
year-on-year basis, versus an estimated 2.5% increase.
At 8:35 a.m. ET, Dow E-minis were down 143 points,
or 0.3%, S&P 500 E-minis were down 10.5 points, or 0.15%
and Nasdaq 100 E-minis were down 31.75 points, or 0.13%.