CoinWorld News reports that economists Durie and Wong expect the overall U.S. CPI data for May to perform strongly, but the core inflation, which is more critical for the Federal Reserve's interest rate outlook, should remain moderate, with month-over-month increases in line with the 2% inflation target. Although supply shocks have driven up the prices of airline tickets, home appliances, and electronics, the softening inflation in non-essential services indicates that consumers are cutting back on non-essential spending. A moderate core inflation reading will ease market concerns about the Federal Reserve raising interest rates after the better-than-expected May non-farm payrolls data. Economists say they still expect the Federal Reserve to cut interest rates by 25 basis points in the fourth quarter of this year.