U.S. stock index futures narrow losses

Odaily News The U.S. CPI rose 2.4% year-on-year in March, while economists had expected a 2.6% increase. The core CPI rose 2.8% year-on-year, lower than the expected 3%. The lower-than-expected inflation data strengthened the market's expectations that the Federal Reserve will continue to cut interest rates this year, and U.S. stock index futures narrowed their early losses. (Jinshi)