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

By: rootdata|2026/06/10 20:44:41

According to Jinshi reports, economists Durie and Wong expect that the overall CPI data for the U.S. in May will perform strongly, but core inflation should remain moderate, with its month-on-month increase in line with the 2% inflation target. Although supply shocks have driven up prices for airline tickets, home appliances, and electronic products, the softening inflation in the non-essential services sector indicates that consumers are cutting back on non-essential spending. A moderate core inflation figure will ease market concerns about the Federal Reserve raising interest rates, and economists still expect the Federal Reserve to cut rates by 25 basis points in the fourth quarter of this year.

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