Shelter and Services Costs Key Focus in Upcoming May CPI Report The upcoming May Consumer Price Index (CPI) report is anticipated to show lower headline inflation, primarily due to cooling energy prices, but core inflation is expected to remain elevated. The Federal Reserve is likely to maintain interest rates in June, waiting for more supportive data before considering cuts later in the year. The May CPI data, scheduled for release at 8:30 am ET on June 15, is projected to show 0.08% headline inflation and 0.3% core inflation. Policymakers will closely monitor trends in shelter costs and services prices, particularly due to their significant impact on inflation. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts July PCE Data Reinforces Powell's Stance on Potential Rate Cuts READ MORE Evidence and Insights About Gold’s Long-Term Uptrend READ MORE China Pledges Response to Biden Administration’s Expanded Tariffs READ MORE Gold Prices Rise as Market Eyes Potential Fed Rate Cuts READ MORE US Job Cuts Rise Sharply in January READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment