#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
Cantor Fitzgerald executive: MicroStrategy's stock price will pump about 20% to $613
Odaily Planet Daily News Cantor Fitzgerald's Director of Encryption and Digital Asset Research, Brett Knoblauch, believes that MicroStrategy's (MSTR) stock price will reach $613, meaning a pump of about 20% from the current price of $518. Knoblauch also believes that the surge in BTC after the US election is a factor driving the pump in MSTR's stock price. The expert also calculated that MicroStrategy can issue $6.7 billion of common stock, $2 billion of preferred stock, $18 billion of debt, and continue to increase its holdings of BTC to support his forecast. (Seek Alpha)