During Donald Trump’s State of the Union address last month, the president championed the revival of his tariff agenda as a win for Main Street America. The levies, he said, would be paid for by foreign countries, “taking a great financial burden off the people that I love.” Quite the contrary, according to what mom-and-pop businesses are telling the Federal Reserve.
Watch: Syrians share their thoughts one year on from the fall of Assad
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The early millennium marked home automation’s first real foothold. Cooking appliances began operating with programmable precision, TVs quietly analyzed our viewing habits to sharpen recommendations, and core household systems — climate, lighting, and security — became smart enough to be controlled with a smartphone. We were close to living like The Jetsons, just without Rosey or flying cars.
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The Bank moves interest rates up and down to try to keep inflation on track. Six cuts since August 2024 have brought rates down to 3.75%.