Morgan Stanley expects India’s retail inflation to climb back to around the 4% mark by the quarter ending March 2026. The brokerage forecasts inflation to ease to approximately 1.5% in July, before averaging between 2% and 2.5% in the quarters ending September and December.
Trump to fire Powell?
The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.