Most US stock indices declined on Thursday after the release of important data, while markets assess the latest Fed decision.

Earlier US data showed producer prices fell 0.2% m/m in May, while analysts expected a rise of 0.1%.

US unemployment claims rose by 13 thousand to 242 thousand last week, while analysts expected a drop to 225 thousand.

The Federal Reserve announced a decision to maintain interest rates unchanged between 5.25% and 5.5% at the June 11-12 meeting, maintaining them at 23-year highs.

The Feds policy statement explains that the Federal Open Market Committee considers the risks facing achieving better employment and inflation goals are moving towards a better balance, but the economic outlook remains uncertain.

More crucially, the Fed expects a single interest rate cut this year instead of three cuts mentioned at the March meeting statement.

Federal Reserve Chair Jerome Powell said the US economy achieved some progress in bringing inflation towards the 2% target and increasing job opportunities.

On trading, Dow Jones fell 0.5%, or 227 points as of 17:49 GMT to 38,484, while SP 500 fell 0.2%, or 12 points to 5408, as NASDAQ shed 0.1%, or 25 points to 17,583.