#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 first meeting of the China-U.S. economic and trade consultation mechanism is being held in the UK.
On June 9, according to a report by The Paper, spokesperson Lin Jian of the Ministry of Foreign Affairs held a regular press conference. A Reuters reporter asked, "The first meeting of the China-US economic and trade consultation mechanism is being held in the UK. Can the Chinese side provide more information and what are the expectations for the consultation?" Lin Jian replied, "The Chinese side has already released information regarding the first meeting of the China-US economic and trade consultation mechanism. Please follow the specific details of the consultation."