#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 city prototype of Xiong'an New Area has fully emerged. The backbone road network of the starting area has been fully opened, and key municipal infrastructure has been basically completed. A batch of landmark projects such as Xiong'an Sports Center have been basically completed, and the image of Internet industry parks, science parks, headquarters areas, and four comprehensive residential areas has initially appeared. The backbone road network of the starting area has started construction, and infrastructure such as the northern section of the fifth group pipe gallery is accelerating. Major projects such as Xiongshan and Xiongxin high-speed railways are being accelerated. Overall, the current total development scale of the new area is 184.5 square kilometers, with a total construction area of over 43 million square meters, and more than 4,000 buildings have sprung up.