The August shortfall popped by $380 billion, a dramatic reversal from the $89 billion surplus for the same month a year prior.
More Stories
Bank of England holds interest rates, British pound rallies to more than two-year high
The decision to hold comes after the U.S. Federal Reserve kicked off its own monetary easing with an aggressive 50...
Ray Dalio says the Fed faces a tough balancing act as the economy faces ‘enormous amount of debt’
On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global...
Ray Dalio names the top five forces shaping the global economy
Speaking at the Milken Institute's Asia Summit in Singapore, the founder of Bridgewater Associates said the five factors are interrelated...
Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger
A recent report funded by Bank of America revealed that Latinas contributed $1.3 trillion to U.S. GDP in 2021, and...
Former Dallas Fed President Kaplan advocates for a half-point interest rate cut
Making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year,...
The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air
A week's worth of inflation data showed that price pressures have eased substantially.