#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
BlackRock ETF total volume is about to surpass State Street Bank.
According to Eric Balchunas, senior ETF analyst at Bloomberg, BlackRock ETF is about to surpass State Street Bank in total trading volume to become the No. 1 ETF in total trading volume, which will be a major disruption because State Street has been at the top of the list since the first day of 1993. Ironically, at the same time, BlackRock is on the verge of being overtaken by Vanguard in terms of asset size.