India's strikes, Russian explosives, the Fed and tax cuts

By Reuters May 8, 2025

Summary

• India keeps up the biggest strikes in Pakistan in decades. 
• Russia is building a huge new explosives facility in Siberia. 
• The Federal Reserve holds interest rates steady and says risks of inflation and unemployment have risen. 
• And Republicans are struggling to figure out how to pay for Trump’s 2017 tax cuts and make them permanent.