#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
The U.S. seeks to force the divestiture of Google's advertising technology products.
On May 6, Jin10 reported that documents from the U.S. Department of Justice indicate that Google's parent company, Alphabet, should be forced to divest two of its businesses that help websites buy, sell, and provide online advertising services. A U.S. judge found that Google illegally monopolized these markets. The Department of Justice stated in the documents that Google should be ordered to immediately sell its advertising trading platform AdX, and then "phased out" the service that helps websites sell display ads, namely the Google advertising management platform DF. The documents from the Department of Justice indicate that remedial measures are necessary to terminate Google's monopoly position.