According to Jinshi, several banks have made predictions on the US CPI data for May. IG Group expects the US core CPI to increase by 3.5% year-on-year in May, and said that inflation in the service sector is worrying. Bank of America predicts that inflation will continue the slowdown in April, with core and overall CPI rising by 0.3% and 0.1% month-on-month respectively. Goldman Sachs Group expects the core CPI monthly rate to fall to 0.25% due to factors such as falling airfares and weak consumer prices. BNP Paribas and Morgan Stanley also predict that the CPI will slow down. Royal Bank of Canada and Scotiabank expect the overall CPI year-on-year growth rate to remain at 3.4%, and the core CPI growth is expected to fall from 3.6% in April to 3.5%. National Westminster Bank expects that the overall US CPI will rise slightly by 0.1% in May due to lower energy costs, but the slowdown in inflation will not be enough to affect the Federal Reserve.