The Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of February after soaring to a record high in January.The report said the trade deficit decreased to $122.7 billion in February after spiking to a revised $130.7 billion in January.Economists had expected the trade deficit to fall to $123.5 billion from the $131.4 billion originally reported ...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.