by Simon Moore
Forbes
May’s Consumer Price Index release is expected to show cooling headline inflation, though core inflation may remain sufficiently high that the Federal Reserve is unlikely to cut interest rates soon. Ultimately, the Fed is not expected to cut interest rates in June and instead wait for more supportive data before potentially cutting interest rates later in the year.
May CPI Release Timing
May CPI data will be reported at 8:30 a.m. ET on Wednesday, June 12. Previous monthly figures for 2024 have seen 0.3% to 0.4% increases for both monthly headline and core inflation. Core inflation excludes food and energy price changes.