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Gold Finance reports that The Federal Reserve's Harker stated that as the U.S. financial system faces rising challenges, the deficit must be controlled, and he is "very concerned" about the current government fiscal situation. Harker also stated: "In key data, we are becoming increasingly blind. We are concerned that the quality of economic data is declining. Uncertainty makes it very difficult to forecast the monetary policy outlook. However, amid uncertainty, the Federal Reserve may still cut interest rates later this year."

According to reports, The Federal Reserve (FED) member Musalem stated that the possibility of a sustained inflation outbreak due to the trade war is 50%. Tariffs may drive up inflation in "one or two quarters."

On June 7, according to official data, China's gold reserves at the end of May reported 73.83 million ounces (approximately 2,296.37 tons), an increase of 60,000 ounces (approximately 1.86 tons) month-on-month, marking the seventh consecutive month of gold accumulation.

Golden Finance reported that Trump reiterated his belief that Powell should drop the Intrerest Rate, and mentioned that he is considering candidates for the next The Federal Reserve (FED) chairman, saying it will "be announced soon."

According to reports, U.S. President Trump stated in an interview with reporters that the appointment result for the next chairman of The Federal Reserve (FED) will be announced soon, and he has a fairly clear understanding of the candidates.
He added that a good Federal Reserve chairman would lower interest rates. In addition, when asked if he would consider cutting the government contracts held by Musk, Trump stated that he would consider everything.

Golden Finance reports that Mike Feroli, the chief economist at JPMorgan, stated: For the Federal Reserve, the employment report in May was almost "tailor-made", perfectly reinforcing their current inclination—to remain patient and wait for the developments in employment and inflation to determine future policy direction. This has made the June Federal Open Market Committee (FOMC) meeting a "non-event".

Trump reiterated that he believes Powell should drop the Intrerest Rate, mentioning that he is considering candidates for the next chairman of The Federal Reserve (FED), stating that it will be "announced soon."

Michael Hartnett, a strategist at Bank of America, warned that the global stock market will trigger a sell signal after hitting a historic high, as the market has run too hot and investor positions are too high. Data shows that the inflow of funds into stocks and high-yield bonds accounts for 0.9% of total assets, and if it exceeds 1%, it will be a sell signal, with the market approaching the overbought region.

Trump reiterated that he believes Powell should drop the Intrerest Rate, mentioning that he is considering candidates for the next chairman of The Federal Reserve (FED), stating that it "will be announced soon."

U.S. Treasury prices fell due to strong employment and wage growth data, as traders adjusted their rate cut expectations. Short-term bond yields rose, with the probability of a rate cut dropping from 90% to 70%. The Federal Reserve is expected to keep interest rates unchanged while following next week's CPI data to assess inflation trends.

Michael Hartnett, a strategist at Bank of America, warns that global stock markets will trigger sell signals after reaching all-time highs, as the market has run too hot and investors' positions are too high. Data shows that inflows into stocks and high-yield bonds account for 0.9% of total assets; if it exceeds 1%, it will be a sell signal, with the market approaching the Overbought region.

U.S. Treasury Department: Joseph Lavorgna will serve as a senior advisor to the U.S. Secretary of the Treasury.

U.S. Treasury prices fell due to strong employment and wage growth data, as traders adjusted their rate cut expectations. Short-term bond yields rose, and the probability of a rate cut dropped from 90% to 70%. The Federal Reserve (FED) is expected to keep interest rates unchanged while following next week's CPI data to assess inflation trends.