White House Press Secretary Jean-Pierre: Biden and McCarthy will speak in due course.

The Hang Seng Index futures closed down 1.01% in night trading, at 18878 points, 238 points below water.

US White House Press Secretary Jean-Pierre: Debt Ceiling Negotiations Still Constructive.

Lagarde, President of the European Central Bank: But as I said recently, the ECB will face more challenges to deal with in the face of changing geopolitics, the threat of digital transformation and climate change. We must continue to provide stability in a fundamentally unstable world.

European Central Bank President Christine Lagarde: For the European Central Bank, the immediate priority is to reduce inflation to the medium-term target of 2% in a timely manner. We will do the same.

White House Press Secretary Jean-Pierre: Avoiding default is the responsibility of every member of Congress.

US White House Press Secretary Jean-Pierre: We will continue to conduct serious negotiations to reach a reasonable budget agreement.

White House Press Secretary Jean-Pierre: Any budget deal will need support from Democrats.

US White House Press Secretary Jean-Pierre: Preventing a debt default is not a concession.

Florida Governor DeSantis submitted documents to the Federal Election Commission to participate in the 2024 Republican presidential election.

According to ABC News: US President Biden is expected to nominate Brown as chairman of the Joint Chiefs of Staff.

After the release of the Fed meeting minutes, U.S. stocks continued to decline. The S&P 500 index fell 0.76%, the Nasdaq fell 0.77%, and the Dow fell 0.71%.

FOMC Minutes: Fed staff continue to forecast a mild recession starting later this year, followed by a modest recovery.

Fed Minutes: Participants felt banking stress could have an impact on economic activity, but the extent was uncertain.

Fed Minutes: Some participants stressed that it was "critical" that the policy statement should not imply a rate cut this year or rule out further rate hikes.

Fed Minutes: Some participants noted concerns that the federal debt ceiling may not be raised in a timely manner, posing the threat of major financial system disruption and exacerbating a tightening of financial conditions.

FOMC Minutes: Several participants said further policy tightening may not be needed if the economy develops as they expect.

Fed Minutes: Many participants were concerned about the need to keep the option open after the May meeting.