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

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

The United States government announced the seizure of $450 million in Iranian cryptocurrency assets, citing an ongoing effort to pressure the Iranian economy.

US initial jobless claims fell to 189,000 last week, reaching the lowest level in several years despite ongoing economic headwinds. The data reflects the latest weekly report on the American labor market.

US initial jobless claims dropped to 189,000 last week, marking the lowest level recorded in several years.

U.S. inflation hits a three-year high as gasoline prices surge amid the conflict involving Iran. The latest data marks a significant increase in the key economic measure.

A key U.S. inflation measure has reached its highest level in nearly three years, driven by a surge in gasoline prices linked to the conflict involving Iran.

US March PCE price index rises 0.7% month-over-month, matching analyst expectations. The core PCE index increased 0.3% for the month, consistent with estimates.

The US Personal Consumption Expenditures (PCE) price index rose 0.7% month-over-month and 3.5% year-over-year in March, meeting analyst expectations. The core PCE index, which excludes food and energy, increased 0.3% month-over-month and 3.2% year-over-year.