#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
Danske Bank: The recent rise of the euro reflects the weakness of the dollar.
[Danske Bank: The recent rise of the euro reflects the weakness of the dollar] Danske Bank analysts stated in a report that the recent appreciation of the euro reflects the weakness of the dollar, rather than the strength of the euro. Due to policy risks in the United States, slowing economic growth momentum, and weak investor confidence, the dollar still faces the risk of falling. The dollar needs significant improvement in economic data to regain support. Until this happens, the euro against the dollar will continue to rise.