April 10 (Reuters) - The U.S. federal budget deficit shrank in March from a year earlier as outlays dropped and receipts rose with the annual tax-filing season well underway, the U.S. Treasury Department said on Wednesday. The deficit last month was $236 billion, down 38% from the $378 billion shortfall in March 2023. Outlays fell 18% to $569 billion, in...

NEW YORK (Reuters) - Federal Reserve officials are preparing to notably slow the pace at which they allow Treasury securities to come off the Fed's balance sheet as they prepare for an eventual end to the drawdown. According to minutes released on Wednesday of the Fed's latest policy meeting, held on March 19-20, officials are mindful of the turbulence caused...

A popular crypto analyst has issued a warning to investors, suggesting that the Federal Reserve’s monetary policy decisions could significantly impact the cryptocurrency market in the coming months. What Happened: In a recent Youtube video, Benjamin Cowen emphasized the importance of monitoring the performance of altcoins relative to Bitcoin (CRYPTO: BTC). According to him, a breakdown in altcoin dominance (measured...

WASHINGTON (Reuters) - Federal Reserve officials worried last month that progress on inflation might have stalled and a longer period of tight monetary policy be needed to tame the pace of price increases, according to the minutes of the U.S. central bank's March 19-20 meeting at which policymakers kept a baseline view for three interest rate cuts in 2024. Participants...