#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 rapid rise of the Korean K-POP industry has encountered setbacks.
Korea's pop music industry (K-POP) experienced a rapid rise, but encountered a setback in 2024, with signs of stagnation in the sales and exports of physical albums. According to trade statistics from the Korea Customs Service, the country's record export volume last year was $2.918 billion, an increase of only 0.55% compared to 2023. This is a significant slowdown compared to the double-digit rise in previous years. Since 2019, the Korean K-POP industry has experienced a boom, with export volumes soaring from $74.6 million in 2019 to $231.4 million in 2022. Japan remains the largest export destination, reaching $89.8 million, followed by the United States at $60.29 million.