Golden Morning News | Overview of Important Overnight Developments on July 1st

[Golden Morning News | Important Overnight Updates on July 1] 21:00-7:00 Keywords: Circle, Interest Rate Cut, EU, Musk

1. Morgan Stanley: The Federal Reserve is still unlikely to cut interest rates in the near term;
2. The probability of the Federal Reserve keeping interest rates unchanged in July is 79.8%;
3. European Union: Digital-related legislation is not included in the trade negotiation agenda with the United States;
4. Musk: If the Big and Beautiful Bill is passed, a new political party in the United States will be established the next day;
5. Stablecoin issuer Circle applies to establish a national trust bank in the U.S.;
6. Democratic senator proposes an amendment: intends to prohibit officials from profiting through the promotion of cryptocurrencies.