U.S. inflation cooled sharply in November, but the 2.7 percent reading is not considered official after a government shutdown forced changes in how the CPI was calculated.
Data and Financial Journalist
U.S. inflation cooled sharply in November, but the 2.7 percent reading is not considered official after a government shutdown forced changes in how the CPI was calculated.
IMF projections show U.S. government debt climbing faster than most G7 peers, surpassing the group’s average in 2025 and reaching about 143% of GDP by 2030—second only to Japan.
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.
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.