US STOCKS SNAPSHOT-S&P 500 futures pare gains after February consumer prices data ...Middle East

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US STOCKS SNAPSHOT-S&P 500 futures pare gains after February consumer prices data
Futures tracking the S&P 500 pared gains on Tuesday, as a hotter-than-anticipated inflation reading dampened hopes of the Federal Reserve cutting borrowing costs in the next few months. A Labor Department report showed the Consumer Price Index (CPI) rose 0.4% on a monthly basis in February, in line with the 0.4% increase expected by economists polled by Reuters. Annually, it increased 3.2%, versus a 3.1% estimated growth.

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