#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
PayPal plans to offer a stablecoin PYUSD reward mechanism to users in the United States.
Odaily News PayPal will offer its PayPal USD (PYUSD) stablecoin to U.S. users with an annual return rate of 3.7%, with earnings accrued daily and paid monthly. The program is set to launch this summer and aims to increase the adoption of PYUSD. Reportedly, this move is one of PayPal's initiatives to enter the crypto assets space, as the company aims to establish new payment channels in this field. (CoinDesk)