#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 European Central Bank will become cautious as it moves towards easing interest rates
On March 7th, Jinshi data, Henry Cook, a European economist at Mitsubishi UFJ, said that after a huge change in German fiscal policy, the European Central Bank may be more cautious in pushing the Interest Rate into a looser range. The Interest Rate is now close to the highest estimate of neutrality, possibly around 2%. The development of the situation in Germany this week will certainly strengthen the hawks' resistance to the Interest Rate falling below this level.