Persistently high inflation makes this reduction a tricky one. The interest rate cut is the first in Trump’s second term as well as the first in 2025.
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Mapped: Where U.S. Furniture Trade Deficits Are Deepest as New Tariffs Take Effect
Beginning midnight, Oct. 14, 2025, imports of select wood and furniture items—including softwood, kitchen cabinets, bathroom vanities, and upholstered furniture—face new Section 232 tariffs, targeting imports of timber, wood products, furniture, and cabinetry.
List: U.S. Government Shutdowns Since 1976
Here’s a list of All U.S. Government Shutdowns and Their Duration Since 1976
U.S. Inflation Rises 2.9% in August: Food and Gas Prices Lead the Surge
The August inflation data overlaps with President Trump’s latest round of tariffs on major U.S. trading partners. But while the direct impact is up for debate, beef’s surge suggests tariffs may already be filtering into consumer prices.