US Trade Deficit Narrows Slightly in September
The US trade deficit narrowed slightly in September to 105 billion dollars as imports reached a record high driven by artificial intelligence investments. Meanwhile supply chain pressures and rising costs point to continued inflation ahead.
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The United States trade deficit narrowed 0.7% to $105.0 billion in September as imports rose 1.2% to a record $426.6 billion. The monthly gap remained near record highs driven by a corporate artificial intelligence spending surge. That shortfall missed the $108.0 billion deficit forecast by economists polled by Reuters.
