ECONOMY09/25/26

Record Diesel Prices Squeeze Farmers

Record-high diesel prices are straining farm budgets during the fall harvest season.

Photo: Fox Business

DIFFERENT FOCUS

NPR Economy emphasized Farmers and Communities Hurting; Fox Business emphasized Grocery Price Shock Warning.

LEFT FOCUS

▸Many farmers are operating in the red even as crop prices have improved slightly from last year. — NPR Economy
▸John Boyd Jr. of the National Black Farmers Association says soaring diesel is deepening an existing farm crisis. — NPR Economy
▸A Minnesota farmer described how record fuel prices are directly threatening her farm's financial viability. — NPR Economy

RIGHT FOCUS

▸Global supply disruptions tied to conflicts in Iran and Ukraine are cited as driving the diesel price surge. — Fox Business
▸Higher input costs may push marginal farmland out of production entirely, reducing future food supply. — Fox Business

September CPI Hits 3.7%

September consumer prices rose 0.6% monthly and 3.7% annually, the fastest pace in five months.

DEVELOPING TIMELINE

First Report Oct 14: Economists expect September consumer prices to rise 0.6% monthly and 3.6% year-over-year, driven by energy costs.

Thursday: September CPI confirmed at 3.7% annually, up from 3.6% prior

Left: Rising prices squeeze everyday Americans hardest.

Right: Inflation surge spells trouble for Trump, GOP.

Inflation rose to 3.7% in September, the last CPI report before midterm elections.

DEVELOPING TIMELINE

First Report Oct 14: Economists expect September consumer prices to rise 0.6% monthly and 3.6% year-over-year, driven by energy costs.

Sunday: September CPI report confirms 3.7% annual inflation rate

Left: Prices hit everyday Americans on essentials.

Right: Rising prices spell trouble for Trump's party.

Treasury Department fined Bank of America over $1.2 billion for sanctions and anti-money laundering violations

DEVELOPING TIMELINE

First Report Thursday: The US Treasury fined Bank of America $1.2 billion for anti-money laundering and sanctions violations.

Sunday: Treasury fine now cites Chinese money laundering networks

Left: Third-largest Treasury penalty ever imposed.

Right: Tied to Chinese networks and border criminals.

Trump signs executive order waiving Russia sanctions and tariffs mandated by the Graham Act.

Left: Sanctions targeting Russia's Ukraine war dropped early

Right: Graham Act halted in name of national interest