#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
High Rice Prices and Shortage of Supplies Traditional Japanese rice shops are facing operational difficulties
Golden Ten Data reported on June 8 that in an interview, it was found that the current round of rice prices has skyrocketed in addition to making ordinary consumers spend more, and traditional Japanese rice shops run by small companies have also been impacted. Due to the lack of access to rice and the continuous rise in purchase costs, more and more small traditional rice shops are struggling to retain customers. According to the latest statistics from a Japanese research agency, in the 2024 fiscal year ending at the end of March this year, the number of rice store closures in Japan increased by 10% compared to the previous fiscal year, and 47.6% of rice stores experienced business deterioration. The pollster predicts that the number of bankruptcies at rice stores in Japan is likely to continue to increase in fiscal 2025 due to tighter rice supplies.