US core CPI inflation rate expected to edge lower ahead of Fed verdict on rates
Inflation in the US, as measured by the CPI, is expected to increase at an annual rate of 3.4% in May, at the same pace seen in April. The core CPI inflation, which excludes volatile food and energy prices, is seen at 3.5% in the same period, a tad lower than the 3.6% figure recorded in April.