Joel Elconin provides a live reaction to the economic data released this morning. The U.S. gross domestic product (GDP) increased at a 1.1% annualized pace in the first quarter of 2023, well below analyst expectations of 2% growth, according to advance estimates released Thursday by the Bureau of Economic Analysis.

Markets were volatile after the release, with investors attempting to predict how the Fed will change its policies in response to the latest economic data. Find out more on benzinga.com.