#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
Musk's father: Elon publicly challenging Trump is a mistake, predicts Trump will win.
Errol Musk, father of Tesla CEO Elon Musk, said in an interview with Russian media in Moscow on Monday that Elon publicly challenging Trump was a mistake and reiterated that Trump would win. He said: "You know, they have been under tremendous pressure for 5 months, let them have a break. They are very tired, under a lot of pressure, so you can expect things like this." "Trump will win - he is the president, he is the elected president. So, I think Elon made a mistake. But he is very tired, under a lot of pressure," Musk said. Musk also stated that this argument "is just a small matter" and that "it will be over by tomorrow."