Trump Plans New Tariff Push With 100% Rate on Patented Drugs

Published on September 26, 2025

President Donald Trump announced a fresh round of tariffs on pharmaceuticals, heavy trucks and furniture, including a 100% duty on patented drugs unless the producer is building a manufacturing plant in the US.

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G17: Seasonal factors for motor vehicle sales have been released

September 26, 2025
The Federal Reserve has re-estimated seasonal factors for motor vehicle sales,using data through April 2025; in the estimation, data for December 2024, January 2025, and March-April 2025 are identified as outliers. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the fall of 2026.A comma-delimited text file containing these seasonal factors is availa

The Big Four Recession Indicators: Real Personal Income

September 26, 2025
Personal income (excluding transfer receipts) rose 0.3% in August and was up 4.2% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.1% month-over-month and up 1.4% year-over-year.