#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
According to Jin10 data citing The Wall Street Journal, the Trump administration is taking action to further tighten control over the hiring and firing of federal employees. As Tesla CEO Elon Musk steps back from the Washington political scene, the U.S. government is positioning key agencies as an important part of its ongoing effort to streamline government operations. This work is focused on the Office of Personnel Management (OPM). According to agency announcements obtained by The Wall Street Journal, as a core part of Musk's government reform plan, the OPM has begun directly approving requests for new positions in federal agencies. This move marks a significant policy shift — previously, agencies generally made their own decisions regarding job allocations.