Overview of Important Overnight Developments on June 7
21:00-7:00 Keywords: Trump, Musk, CFTC
1. The Trump crypto wallet dispute ends with WLFI purchasing Meme coins;
2. The White House has not taken action to remove over a hundred officials linked to Musk;
3. Strong employment data pressures US bonds, traders lower bets on Fed rate cuts;
4. Acting CFTC Chairman: 24/7 derivatives trading proposal limited to crypto assets;
5. Trump: Interest rates should be lowered, the next Fed chair candidate "will be announced soon";
6. Trump's tax reform is expected to pass in the US Senate, no Republican lawmakers support Musk;
7. Trump: Hopes Musk "does well with Tesla," no plans to call Musk.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US regulators postpone approval of AI chip rental price futures for at least 60 days

Federal Reserve Turns Hawkish Again! This Year's Voting Member Logan: At Least Two More Rate Hikes Needed, Pace May Accelerate
On Tuesday, following Federal Reserve Governor Waller’s call to consider a 50 basis point rate hike at the December meeting, this year’s FOMC rotating voting member Lorie Logan reiterated a hawkish stance, stating, "Given the current economic outlook, I believe at least two more rate hikes of 25 basis points each are needed. The pace of rate hikes this winter may be faster than what we have seen so far this autumn." On Tuesday, the two-year US Treasury yield jumped 19 basis points in a single day, reaching 4.74%.

