#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 Federal Reserve Board of Governors Bowman hopes to conduct an independent review of the bank failures in March 2023, which may involve SVB, SilverGate.io, and Signature.
Odaily News Eleanor Terrett, a former FOX business reporter, stated on X: "The Federal Reserve Board of Governors member Michelle Bowman expressed a desire for an independent review of the bank failures in March 2023 (SVB, SilverGate.io, Signature), although she did not directly name these banks."