U.S. stock index futures slipped lower Friday as investors gauged the outlook for Federal Reserve policy against ongoing tariff worries as well as disappointing corporate earnings. 

At 06:35 ET (10:35 GMT), Dow Jones Futures fell 140 points, or 0.3%, S&P 500 Futures slipped 21 points, 0.4%, and Nasdaq 100 Futures dropped 100 points, or 0.5%. 

The Wall Street indexes gave up early gains to close lower on Thursday, but the benchmark S&P 500 index is on track for a 0.4% advance week to date, breaking a four-week losing streak.

The Dow Jones Industrial Average is on track for a 1.1% gain this week, marking its best weekly performance since late January. The NASDAQ Composite, by contrast, is off about 0.4% in the period, heading for its fifth straight losing week and its longest stretch of weekly losses since May 2022.

The Fed gave markets fleeting relief this week, after keeping interest rates flat as widely expected. But the central bank raised its inflation forecast and cut its growth outlook for 2025.

While the Fed did maintain its projections of at least 50 basis points of rate cuts this year, its expectations of higher inflation cast some doubt over this outlook. The central bank expects inflation to trend further above its 2% target this year. 

The central bank said it remained uncertain over just how Trump’s tariffs will impact the U.S. economy, especially on the inflation front. 

A decision by the European Union to delay the imposition of retaliatory tariffs on U.S. whiskey bolstered hopes that talks between Brussels and Washington could avert a damaging trade conflict between the two major trading partners. The EU has said the postponement will help buy time for discussions with the U.S.