Tag: Economic Conditions and Trends

U.S. Trade Deficit Surged in 2022

WASHINGTON — The overall U.S. trade deficit rose 12.2 percent last year, nearing $1 trillion as Americans continued to purchase record volumes of foreign products, according to data released Tuesday by the Commerce Department. The goods and services deficit reached $948.1 billion, up $103 billion from the previous year. Exports of goods and services rose […]

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Bank of England Raises Rates to 4 Percent, Its 10th Straight Increase

The European Central Bank, too, is expected to raise rates on Thursday as it continues to battle inflation. This week, data showed that the annual rate of inflation for the 20 countries that use the euro fell to 8.5 percent in January, from 9.2 percent the previous month but core inflation, which excludes volatile energy […]

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