WASHINGTON (Reuters) - U.S. central bank officials will conclude their latest two-day policy meeting on Wednesday with a new statement and comments from Federal Reserve Chair Jerome Powell that could give a clearer sense of how recent disappointing inflation readings have changed the expectation for interest rate cuts this year. The Fed is almost certain to hold its benchmark overnight...

Bitcoin has lost over 16% in April, on track for its worst month since November 2022.BTC could drop to the mid-to-low $50,000 region, Ledn CIO said.The Hong Kong spot crypto ETF debut wasn't as poor as it was made out to be, a Bloomberg Intelligence ETF analyst noted.It might be time to call the cryptocurrency correction a bear market, as...

The U.S. stock market broke a streak of five consecutive months of gains in April, reigniting concerns about the impact of rising inflationary pressures and the potential for a prolonged restrictive monetary policy by the Federal Reserve. Despite positive signals from first-quarterearnings reports, all major U.S. indices ended the month in negative territory as macroeconomic fears hit risk sentiment. The...

NEW YORK/WASHINGTON (Reuters) - Citigroup could suffer billions of dollars of losses in its loan book if the world sped up efforts to tackle climate change, according to a confidential analysis prepared by the U.S. bank that was reviewed by Reuters. The analysis was drafted by Citigroup last summer as it prepared to make a submission to the Federal Reserve...