From stagflation to energy security, policymakers spoke to CNBC about the biggest risks arising from the ongoing U.S.-Iran war.

Federal Reserve Governor Christopher Waller on Friday said current economic conditions are complicating the approach to interest rates.

Williams noted that the conflict has "intensified the uncertainty" around national and local conditions.

Economists polled by Reuters expected U.K. gross domestic product (GDP) to have expanded by 0.1% month-on-month.

Cattle futures contracts have jumped more than 25% over the past 12 months as ranchers face rising costs and cut the size of herds.