US STOCKS SNAPSHOT-Futures pare gains after February PPI data ...Middle East

U.S. stock index futures pared gains on Thursday, as a hotter-than-anticipated producer prices reading dented hopes of the Federal Reserve cutting interest rates in the coming months. A Labor Department report showed the Producer Price Index (PPI) rose 0.6% month-on-month in February, compared with a 0.3% increase expected by economists polled by Reuters. Annually, it rose 1.6%, versus an estimated growth of 1.1%.

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