After reporting a record U.S. trade deficit in the previous month, the Commerce Department released a report on Tuesday showing the trade deficit narrowed significantly in the month of October amid a spike in the value of exports.The Commerce Department said the trade deficit decreased to $67.1 billion in October from a revised $81.4 billion in September. Economists had expected the deficit to nar...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.