U.S. durable goods orders and the goods trade deficit in June beat expectations, according to data released Wednesday, tempering recession concerns before the Federal Reserve is expected to announce a rate hike later in the day. On top of that, shipments of nondefense capital goods excluding aircraft—a ... READ MORE >
goods trade deficit
Chart of the day: U.S. trade deficit improved significantly in October
The United States trade deficit posted a sharp decline in October to $67.1 billion from the record $81.4 billion in September, according to data released by the U.S. Census Bureau on Tuesday. The improvement was led by a surge in exports, which rose by $16.5 billion, or an 8.1% increase on the month, ... READ MORE >
Surprises in jobless claims and goods trade make up for decline in durable goods orders
Encouraging economic news came from the government's early release of data on Wednesday: Jobless claims dropped to 199,000 last week, the lowest since 1969, while the advance goods trade deficit narrowed significantly to $82.9 billion in October, led by a sharp rise in exports. The jobs data was a ... READ MORE >
Goods trade deficit hit new low in September amid strong demand
The goods trade deficit set another record low in September at $96.3 billion as American demand remained strong, according to the Census Bureau advance report released Wednesday. The imbalance between the recovery rates in the United States and in other countries remained a heavy drag on the trade of ... READ MORE >