U.S. current account deficit
A U.S. Current Account Stunner Prior to the FOMC Announcement
December 18, 2024
The last FOMC announcement of 2024 arrives this afternoon. A 25-basis point interest rate cut is still expected, but a strong sense of suspense surrounds what is said about likely policy next year and the unveiling of updated forecasts from America’s central bank. While investors await the Federal Reserve’s show, the Commerce Department released third-quarter […] More
A Somewhat Better Market Tone as Northern Hemisphere Observes Winter Solstice
December 21, 2022
Data reported this Wednesday took a turn for the better, and investors were cheered also by recent earnings and other corporate news like Elon Musk’s announcement that he will step down as Twitter’s CEO. The U.S. current account deficit narrowed to $217.1 billion last quarter from $238.7 billion in 2Q and $282.5 billion in 1Q. […] More
Last Meaningful Week of 2020 Drawing to Close
December 18, 2020
Ahead of the approaching year-end holidays, this week saw a rush of central bank policy reviews and data releases, many coming a couple of days earlier in December than is customary in other months. Foreign exchange trading tends to lose some breadth and depth in the final weeks of December, making currency relationships prone to […] More
Comment on U.S. Current Account Release
June 18, 2014
Although the deficit of $111.156 billion last quarter was 27.3% wider than the 14-year low recorded in the final quarter of 2013 and greater than analysts were anticipating, the shortfall’s size relative to nominal GDP of 2.6% was consistent with results since 2009. That ratio had fallen to 2.0% in 4Q13 but averaged marginally less […] More
