#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. Senate plans to introduce significant adjustments to the Trump tax reform bill this week.
On June 10, Republicans in the U.S. Senate rushed to complete legislation by July 4 in response to the Trump-backed core economic plan, with revised tax and health care provisions scheduled to be unveiled this week. The goal of the Senate Finance Committee is to achieve savings by cutting Medicaid spending, possibly involving Medicare. This plan is expected to differ from the version that narrowly passed in the House of Representatives in May. The disclosure of the details of the plan is likely to trigger a new round of rift between fiscal conservatives and moderates within the Republican Party. ( gold ten )