#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
Sources: The US-Canada trade agreement may be reached before next week's G7 summit.
According to Gate News bot, the Toronto Sun reported that the US-Canada trade agreement could be reached at any time next week after Trump's newly appointed ambassador to Canada, Pete Hoekstra, gave a speech.
In his speech, Pete Hoekstra said: "I'm optimistic about the current relationship, and I'm even more optimistic about where I think it's going. Although he didn't dwell on the specifics, his words sparked enthusiasm in the audience.
One source commented: "The agreement could be reached before the G7 summit on June 15, perhaps as early as next week. Other Canadian sources said that "after Pete Hoekstra's speech, Ottawa knew what they needed to do", that "the next 48 to 72 hours will be critical" and that "Carney's team aims to reach an agreement before the G7 summit".
Source: Jinshi