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 Russian Finance Ministry Accelerates De-Dollarization with Massive Gold Buy READ MORE Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says READ MORE As Borrowing Costs Soar, Equity Becomes the New Frontier for Corporate Finance READ MORE US Job Market Cooler Than Thought: 818,000 Jobs Reduced in Revision READ MORE Labor Market Cooling Sparks Recession Fears in U.S. Economy READ MORE Add a Comment Cancel replyYour email address will not be published.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