Central Bank

India's central bank cuts interest rates for the first time in nearly five years to boost growth amid slowing economic activity. The repo rate is reduced to 6.25% as GDP growth hits a four-year low.

Goolsbee’s comments echoed that of two of his colleagues, who in separate appearances earlier Monday flagged the increased uncertainty about the future path of the economy.

Economists broadly expect the tariffs will push up inflation and depress growth, but are struggling to measure to what extent, given the fluidity of the situation.

Consumer price inflation accelerated to 2.5% in January from 2.4% in December, just above expectations for 2.4%.

The hawkish tilt from officials may in part be a message to President Trump that they won't bow to his will on interest rates.

The pause is part of a new caution on the part of the central bank as it keeps one eye on inflation and the other on several unknowns about the economic policies.

The fourth-quarter GDP report released Thursday provided some evidence that the US economy capped off a surprisingly strong year in 2024.

A few voices are still likely to argue that pressure on services costs remains too high for comfort but that is more an argument for gradualism than for a pause.

In this article, Russ Koesterich discusses why stocks could continue to advance in 2025 despite the potential for a higher interest rate environment.