U.S. stock index futures moved higher on Friday as investors assessed an in-line inflation report to gauge the trajectory of the Federal Reserve's monetary policy easing this year. The Commerce Department's report showed the Personal Consumption Expenditures Price index rose 2.

S&P 500 E-Mini futures (ESH25) are trending up +0.38% this morning, staging a partial rebound from the prior session’s losses, while investors brace for the release of the Federal Reserve’s first-line inflation gauge.