Rates inched lower Wednesday in light trading as most newly released economic data came in below expectations. Weekly Jobless Claims jumped to 313,000, well above the consensus forecast of 285,000. The October Core PCE price index, the Fed’s preferred measure of inflation, rose 0.2%, as expected, and was a tame 1.6% higher than one year ago. Durable Goods Orders rose 0.4%, beating expectations, however the data came in below forecast excluding volatile transportation orders. New Home Sales rose to 458,000 annual units. An increase to 470,000 had been expected. Pending Home Sales fell 1.1%, compared to an expected increase of 0.5%. Consumer Sentiment slipped to 88.8. The Chicago Purchasing Managers Index fell to 60.8. Readings above 50.0 indicate expansion in manufacturing in the Midwest region. Results from today’s 7-year Treasury auction will be released at 1:00 PM. The market will be closed tomorrow for Thanksgiving.