#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
TRON (TRX)
TRON (TRX) is one of the largest blockchains in the world. Despite reports of criminal proceedings on it, the cryptocurrency continues to move towards its 2021 highs thanks to the network's growth in usage and its role in the stablecoin market. Thus, the token is witnessing gains on most of its charts. As a matter of fact, TRX is currently trading at $0.13, according to the latest price data. This marks an increase of 5.29% over the previous week. Furthermore, the token saw a growth of 10.49% on its monthly chart. On its daily chart, TRX advanced 0.43% despite the red market.
#HotTopicDiscussion#