ASX to open higher; Nasdaq leads gains on Wall Street

News Snapshot:

The latest marker of underlying US price pressures will offer little hope of settling the debate among Federal Reserve officials about whether they’ve made enough progress on inflation to step off the monetary-policy brakes. The Fed’s preferred price metrics on Friday are projected to show inflation remained elevated in April, running more than double the central bank’s goal. Minutes of its early-May meeting on Wednesday may help shed some light on officials’ appetite for standing pat next month. And a new Federal Reserve report revealed nearly a third of Americans were forced to go without medical care in the past...