Reported 29 days ago
In September, the US experienced a notable increase in its goods trade deficit, which rose by 14.9% to $108.2 billion, driven primarily by a surge in imports that reached the highest level since March 2022. While job openings fell to a more than 3-1/2 year low, consumer confidence showed improvement, reaching a nine-month high, suggesting mixed signals in the labor market. The overall economic outlook appears to be affected by temporary disruptions such as hurricanes and strikes, leading economists to adjust GDP growth estimates downward.
Source: YAHOO