Wall St listless as eyes on crucial inflation data
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U.S. stock indexes were flat on Thursday, as investors assessed a string of economic data ahead of the Federal Reserve's closely watched inflation report, while Micron and pharmacy chain Walgreens Boots Alliance slumped on disappointing forecasts.

Data showed new orders for key U.S.-manufactured capital goods unexpectedly fell in May, while core durable goods orders fell 0.1% versus forecasts for a 0.2% rise, boosting hopes that a weaker economy could prompt the FR to cut interest rates in September.

Weekly jobless claims fell to 233,000, missing expectations of 236,000. Further, a final print showed the U.S. economic growth increased more than estimated in the first quarter. "We are slowing, but not collapsing. So we continue to move forward. I think one or two rate cuts are probably warranted and I'd like to see that before the end of this year," said Robert Pavlik, senior portfolio manager at Dakota Wealth Management.>>> 

 The market was particularly focused on the monthly personal consumption expenditures (PCE) price index, which is the Federal Reserve's preferred inflation gauge. The anticipation of this data, along with disappointing forecasts from companies like Micron and Walgreens Boots Alliance, contributed to a lackluster performance on Wall Street 

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