Feb 13 (Reuters) - U.S. stock index futures pared declines on Friday after a softer-than-expected inflation report kept the Federal Reserve on track to deliver interest rate cuts this year.
A Labor Department report showed the Consumer Price Index rose 2.4% on a yearly basis, less than the estimate of a 2.5% increase, according to economists polled by Reuters. On a monthly basis, it rose 0.2% versus an expected 0.3% rise.
Excluding volatile food and energy components, core CPI stood at 2.5% on an annual basis, in line with estimates. Core CPI stood at 0.3% on a month-on-month basis, versus a 0.3% expected rise.
At 08:32 a.m. ET, Dow E-minis (YMcv1) were down 11 points, or 0.01%, S&amp;P 500 E-minis (EScv1) were down 3.75 points, or 0.05% and Nasdaq 100 E-minis (NQcv1) were down 36.5 points, or 0.15%

.SPX

- U.S. stock index futures showed slight recovery after a lower-than-anticipated inflation report indicated potential interest rate cuts by the Federal Reserve this year.  
- The Consumer Price Index increased by 2.4% annually, falling short of the 2.5% forecast, while on a monthly basis, it rose 0.2%, lower than the expected 0.3%.  
- Core CPI matched estimates at 2.5% annually, with a month-on-month change of 0.3%, as major indexes reflected minimal declines in early trading.

Reuters

S&P 500

Dow Jones Industrial Average

NASDAQ-100

SPDR S&P 500

Avantis US Large Cap Value ETF

VG S&P M-Cap 400 Val

iShares Core S&P 500

VG S&P 500

iShares Dow Jones US

SPDR Djia

Avantis U.S. Small Cap Value

US STOCKS SNAPSHOT-US stock futures pared declines after January inflation data