The U.S. economy received some mixed news from fresh data released Thursday, including slight changes in inflation rates, jobless claims and gross domestic product (GDP).
First-quarter GDP, already posting a disappointing 1.6% last month, saw a revised drop to 1.3%. The GDP price index held steady at 3.1%, and GDP sales slipped to 1.7%.
Jobless claims rose from 216,000 to 219,000, and continuing jobless claims climbed from 178,000 to 179,000. The loosening of a historically tight labor market is another factor the Federal Reserve is watching closely to decide its next move on interest rate cuts.
