US stock futures edge lower after economic data
SPY•Futures move lower as investors weigh Fed path
U.S. stock index futures moved slightly lower on Wednesday as investors digested fresh economic data for clues on the Federal Reserve's interest-rate path.
A Commerce Department report showed the Personal Consumption Expenditures price index rose 0.2% in July from the previous month, compared with a 0.1% increase expected by economists polled by Reuters. Annually, it rose 3.7% versus expectations of 3.6%.
The core reading increased 0.2% on a monthly basis and 3.3% on a year-on-year basis, both in line with expectations.
A separate report showed U.S. gross domestic product grew 1.5% in second quarter, in line with estimates.
At 08:33 a.m. ET, Dow E-minis YMcv1 were up 20 points, or 0.04%, and S&P 500 E-minis EScv1 were down 8.75 points, or 0.11%. Nasdaq 100 E-minis NQcv1 were down 103.25 points, or 0.35%.
