U.S. Treasury yields were little changed on Friday as investors analyzed the latest inflation data and what it could mean for the U.S. economy.The 10-year Treasury yield ticked up less than 1 basis point to 4.183%, while the 2-year Treasury yield ticked down nearly 2 basis points to 3.645%. The 30-year Treasury bond yield was up less 1 basis point at 4.758%.One basis point is equal to 0.01%, and yields and prices move in opposite directions.August's personal consumption expenditures index rose 0.3% on the month and 2.7% on the year, in line with expectations of economists polled by Dow Jones.Excluding volatile food and energy prices, so-called core PCE increased 0.2% from July for an annual gain of 2.9%. Those figures also matched economist forecasts, but the year-over-year figure remained above the Federal Reserve's goal of 2% inflation.This comes after the weekly initial jobless claims came in lower than expected, dropping to 218,000 from 232,000, and below the Dow Jones estimate of 235,000. Third-quarter U.S. GDP growth came in higher, showing an expansion of 3.8% yearly, higher than 3.3% expected growth from economists polled by Dow Jones.The data showed signs of a resilient economy and jobless claims in particular are influential to the Fed's monetary policy decisions. A strong labor market could mean the central bank may be less inclined to cut interest rates. Traders are still in pricing in two quarter-point rate cuts this year, according to the CME FedWatch Tool.