US Federal Reserve expects steady rates despite May inflation data remaining above 2%.

Fresh US inflation data is unlikely to change the Federal Reserve's plan to hold rates steady, with the key lending rate expected to remain at 5.25-5.50%. The May headline consumer inflation rate is predicted to be little changed from the previous month, keeping inflation above the Fed's long-term target of 2%. This gives the US central bank further incentive to maintain rates and wait for the economic winds to change.

June 12, 2024
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