#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 Iranian banking payment system will officially connect with the Russian banking payment system.
On November 11th, Jinshi Data reported that according to multiple media reports in Iran, in the afternoon of the 11th local time, Russia's Mir Bank payment system will be officially connected to Iran's Shatab Bank payment system. Through this move, Iranian bank cards can be used on ATM machines in Russia, and users can receive funds in rubles from Russian ATM machines. The report stated that in the second phase of the project, Russian citizens living in Iran can also use their bank cards in the same way. In the third phase of the project, Iranian bank cards can be used in Russian stores through the Shatab system.