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 15 Weakest Currencies in 2024 READ MORE Fed Governor Waller Seeks Extended Inflation Improvement Before Cutting Rates READ MORE Fed's Looming Rate Cut Could Bolster Biden's Reelection Bid READ MORE ZeroHedge: Inflation Already Ruined Your Super Bowl Party READ MORE Goldman Sachs Reveals Record Hedge Fund Sell-Off in U.S. Equities READ MORE Add a Comment Cancel replyYour email address will not be published.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