U.S. economic growth slowed more than expected in the second quarter, with GDP rising 1.5% compared with economists’ forecast of 1.8%.

Inflation remained above the Federal Reserve’s 2% target, with annual PCE inflation at 3.7% and core inflation at 3.3%.

The mixed data created uncertainty for the Fed as officials weigh whether to adjust interest rates while inflation pressures persist.

The central bank recently voted to keep its benchmark interest rate unchanged, with some policymakers expressing concern about continued price increases, CNBC has reported.

Markets reacted positively to the report, though Treasury yields moved higher as investors assessed the economic outlook.