The S&P 500 closed 0.2% lower, while the Dow Jones Industrial Average and Nasdaq Composite each lost 0.
1%.
The major indexes rose on Wednesday for the second straight day, with the Dow and S&P 500 hitting record closing highs, as stocks continued rebounding from an early-week selloff.
The consumer price index showed that inflation in September was hotter than expected while weekly jobless claims were higher than economists anticipated.
The Fed has a dual mandate to promote price stability and maximum employment, and Thursday's data points were bad news for the Fed on both fronts.
Among noteworthy stock movers on Thursday, Delta Air Lines (DAL) fell 1.1% after a disappointing earnings report from the carrier.
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