U.S. inflationary pressures were slightly lower in March, as the U.S. future inflation gauge dipped to 104.0 from a downwardly revised 105.3 in February, originally reported as 105.6, according to data released Friday morning by the Economic Cycle Research Institute.

"The downturn in the USFIG indicates a pullback in U.S. inflation pressures," ECRI Chief Operations Officer Lakshman Achuthan said in a release.

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