With the value of exports jumping and the value of imports falling, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed much more than expected in the month of August.The Commerce Department said the trade deficit shrank to $58.3 billion in August from a revised $64.7 billion in July, falling to the lowest level since September 2020.Economists had expected...
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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.