#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 FBI warns smartphone users to be vigilant about scam calls impersonating law enforcement agencies.
According to Deep Tide TechFlow news on June 8, Forbes reported that the Federal Bureau of Investigation (FBI) has recently issued a warning to smartphone users about a nationwide scam activity, where scammers impersonate FBI and other law enforcement personnel to deceive victims into sending money.
Fraudsters disguise themselves as FBI phone numbers using "spoofed caller ID" technology, falsely claiming that victims will be arrested unless they pay immediately. The FBI has made it clear that the agency will never ask the public to make payments over the phone to avoid criminal charges.
This type of scam has become a global industry, with scammers using intimidation tactics to demand payment from victims through prepaid cards, wire transfers, cash mailing, or cryptocurrency ATM payments. The FBI advises that if you receive such a call, you should hang up immediately and report it on the IC3.gov website.