A record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook. Source: nytimes.com

Chile’s lower house of Congress approved the base text of President José Antonio Kast’s flagship economic bill that his administration is counting on to drive growth in coming years. Source: bloomberg.com

Bank of England Governor Andrew Bailey said government controls on food prices are not sustainable in the long run, after reports that the UK Treasury asked supermarkets to cap the cost of essential products. Source: bloomberg.com

The U.K. is the first G7 country to secure a trade agreement with the GCC. Source: cnbc.com

If oil prices remain at or above $93 to $98 a barrel, a recession could set in by July 4 as consumers feel the pain of higher gas prices. Source: businessinsider.com

Oregon’s revenue forecast rose by $345 million after legislative tax changes, despite slower economic growth tied to rising oil prices. Source: katu.com