U.S. food inflation has cooled sharply from its pandemic-era peak — but the latest data come with an unusual warning label.
Data and Financial Journalist
U.S. food inflation has cooled sharply from its pandemic-era peak — but the latest data come with an unusual warning label.
The U.S. trade deficit narrowed dramatically in October 2025, falling to $29.4 billion, the smallest monthly gap since May 2009, according to new data from the U.S. Census Bureau and Bureau of Economic Analysis. That represents a 39% drop from a revised $48.1 billion deficit in September.
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.