Category Federal Open Market Committee (FOMC)

The U.S. Federal Reserve's next meeting in June is likely to be led by Kevin Warsh after he cleared a Senate Banking Committee vote on Wednesday.

Middle East tensions have driven divergences across asset markets as oil stays elevated and traditional safe havens falter.

OGs sell as Fed's hawkish stance on rates pressures crypto and other risk assets.

Fed chair Jerome Powell said rising energy prices are feeding into the inflation outlook, but "nobody knows" yet how lasting the impact will be.

Bitcoin remained sharply lower for the session following the expected decision by the U.S. central bank.