The U.S. government has seized $450 million in Iranian cryptocurrency assets as part of a campaign to pressure the Iranian economy.

Stagflation risks rise as Iran war enters third month, Reuters reports. Economic pressures mount from prolonged conflict.

Stagflation risks are increasing as the Iran war enters its third month, according to Reuters.

The European Central Bank warns that upside risks to inflation and downside risks to economic growth have increased. The assessment reflects a shift in the bank's outlook for the Eurozone economy.

The European Central Bank reports that upside risks to inflation and downside risks to economic growth have increased.

European Central Bank holds deposit rate at 2%, main refinancing at 2.15%, and marginal lending at 2.4%. All three key rates remain unchanged.

The European Central Bank keeps its deposit facility, main refinancing operations, and marginal lending facility rates unchanged at 2%, 2.15%, and 2.4% respectively.

Fed Chair Jerome Powell to remain as Fed governor, limiting Trump's appointment power. Reuters reports.

Federal Reserve Chair Jerome Powell is staying on as a Fed governor, according to Reuters, which reduces President Donald Trump's ability to appoint new members.