#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 Attorney General of New York State sent a letter to senior members of Congress urging the promotion of a digital asset regulatory framework.
ChainCatcher news, FOX reporter Eleanor Terrett stated on social media, "New York Attorney General Letitia James sent a letter to congressional leaders, the Speaker of the House, and the House Minority Leader, urging them to pass a federal digital asset regulatory framework to mitigate the risks of fraud, criminal activity, and financial instability." She stated that the widespread adoption of Bitcoin threatens the dominance of the US dollar and called for the localization of stablecoins (i.e., promoting their development within the United States) to protect the dollar's dominance. James also opposed allowing digital assets to be included in retirement accounts.