#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
Israel and Hamas have separately issued statements, and the situation between Palestine and Israel is tense again.
According to the Israeli Times, an alarm of a suspected drone infiltration sounded in Israeli northern communities near the Lebanon border, including Metula, Shemona, and Tel Hai. In addition, the Palestinian Islamic Resistance Movement (Hamas) issued a statement on the 20th, stating that the Israeli army bombed a school housing refugees in the western part of Gaza City in the afternoon, resulting in 12 deaths and several people missing. (Kincent)