The Commerce Department released a report on Thursday unexpectedly showing a significant decrease in the size of the U.S. trade deficit in the month of October.The report said the trade deficit narrowed to $29.4 billion in October from a downwardly revised $48.1 billion in September.Economists had expected the trade deficit to increase to $58.9 billion from the $52.8 billion originally reported fo...
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Forex News
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.