US STOCKS-Futures cut losses after tame inflation data

Newswire

(Updates with release of inflation data) NEW YORK, Sept 28 (Reuters) - U.S. stock futures pared losses but remained lower on Friday after a government report pointed to tame inflation, suggesting the Federal Reserve could have room to cut interest rates further. S&P 500 futures slipped 3.1 points but were above fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average ...

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