President Trump is plowing ahead with his tariff plans and threats, while still pushing for a cut to interest rates.

Australia’s central bank on Tuesday reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools. The Reserve Bank of Australia reduced the cash rate by a quarter percentage point from 4.

The Reserve Bank of Australia on Tuesday cut its cash rate by 25 basis points to 4.10% following a monthly policy meeting.

The latest CPI report reveals a 3% increase in prices compared to last year, with eggs being just one of the many items seeing higher costs. CBS News Moneywatch correspondent Kelly O'Grady breaks down the key takeaways from the report.

Federal Reserve officials are closely monitoring rising inflation risks and the economic impact of President Donald Trumps trade and immigration policies. While some policymakers see room for future rate cuts,

Compass Realtor Jay Nix joined Fox 5 to break down the recently released consumer price index.

The Reserve Bank of Australia on Tuesday cut benchmark interest rates for the first time in over four years, joining ranks with other major global central banks, as softening inflation allows room for easing policy.

A new government report shows inflation shot up in January for the sixth consecutive month. The Producer Price Index jumped 0.4% in January and 3.5% for the year. Analysts had expected the number to come in at 0.

The release of Federal Reserve minutes on Wednesday revealed that US officials remain reluctant to implement near-term interest rate cuts.

Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's calls for lower interest rates won't lead the central bank to change its rate decisions.

The central bank had held its policy rate steady at 4.35% since November 2023, following an extended period of 13 rate hikes to tame inflation at home.