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U.S. core inflation in May is expected to remain moderate, easing concerns about interest rate hikes

MarsBitNews
Crypto News reports that, according to Jintiao, economists Durie and Wong expect the overall U.S. CPI data for May to be hot, but core inflation should remain moderate, with its month-over-month increase aligning with the 2% inflation target. Although supply shocks have driven up prices for airline tickets, home appliances, and electronics, softening inflation in non-essential services indicates consumers are cutting back on non-essential spending. Mild core inflation data will ease market concerns about the Federal Reserve raising interest rates, and economists still expect the Fed to cut rates by 25 basis points in the fourth quarter of this year.
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