US inflation cools as interest rate decision looms

Consumer price rises in the US eased slightly last month, official data suggests, ahead of a key meeting where policymakers will publish their latest interest rate decision.According to the US Labor department, prices rose 3.3% in the year to the end of May, down 0.1 percentage points from the month before.Core inflation, which strips out more volatile items like food and energy prices, also slowed despite rents…