The final estimate of U.S. GDP for the first quarter released on Thursday came in slightly higher than the initial estimate at 1.4%. "The final GDP estimate for the first quarter was revised upward, indicating that economic growth is slowing," Business Insider reports a comment from Independent Advisor Alliance Chief Investment Officer Chris Zaccarelli.

The number of applications for unemployment benefits in the U.S. was lower than expected - for the week ending June 22, it decreased by 6 thousand to 233 thousand. Despite the fact that this indicator is at a historically low level, in recent weeks it has risen to ten-month highs.

Today, market participants are expecting the publication of data on personal consumer spending, which is the Fed's preferred inflation indicator. Investors will use these statistics to try to determine how likely it is to cut rates ahead of the first half of the year's close. The CME FedWatch tool estimates the probability of a cut in September at 58%.