Interest Rates Projected to Rise

U.S. core inflation rises; higher interest rates likely
U.S. core inflation, which excludes food and fuel prices, rose 0.3% in May, the biggest one-month increase in the past five years. The annual core inflation rate for the first five months of this year is 2.4%. The accelerating rate is likely to trigger interest-rate increases, experts said. TheFiscalTimes.com (6/27), iMarketNews.com (6/27), Reuters (6/27)