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US military maintaining blockade on Iranian ports as peace talks are set to begin Fox NewsLive Updates: Diplomatic efforts to end Iran war, reopen Strait of Hormuz intensify on multiple fronts CBS NewsLive updates: Pakistan delegation meets Iranian officials hoping for more US-Iran talks AP NewsMiddle East war live: Beirut casts doubt on US president's Lebanon-Israe
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Williams noted that the conflict has "intensified the uncertainty" around national and local conditions.
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Warriors advance, 76ers earn seven seed NBAWarriors rally over Clippers in 4th to advance in play-in ESPNNBA playoffs 2026: Stephen Curry, Warriors end Clippers' season after Sixers outlast Magic Yahoo SportsNBA Play-In Tournament live updates: Warriors stun Clippers in thriller behind Steph Curry, Sixers beat Magic The New York Times
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Airlines are facing higher costs, and one airport group in Europe has warned of the risk of a "systemic jet fuel shortage" if traffic through the Strait of Hormuz doesn't normalize by the end of this month.
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Exports and fiscal stimulus offset a still weak domestic economy in the first quarter
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Many Fed districts also reported growing signs of financial strain among consumers, along with increased price sensitivity and rising demand at food banks.
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Higher inflation is leading companies to raise prices without sacrificing margins.
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China's G.D.P. Stronger Than Expected, Led by Infrastructure Spending The New York TimesChina's economy grows at 5% in first quarter, shrugging off initial impact of Iran war NBC NewsChina economic growth accelerates to 5% in first quarter, beating expectations, on robust exports CNBCChina's economy rebounds in Q1 but Iran war darkens 2026 outlook Reuters
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The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record.
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