TechFlame News, according to Jinshi reports, economists Durie and Wong expect that the overall U.S. CPI data for May will be hot, but core inflation should remain moderate, with its month-on-month increase consistent with the 2% inflation target. Although supply shocks have pushed up prices of airfares, home appliances, and electronics, softening inflation in non-essential services suggests that consumers are cutting back on discretionary spending. A moderate core inflation reading would ease market concerns about Federal Reserve rate hikes, and economists still expect the Fed to cut interest rates by 25 basis points in the fourth quarter of this year.