Market View: US trade deficit widens, November CPI projections, Expectations of central bank actions next week

Your Way Home with Hongbin Jeong · Dec 8, 2022 · 12m

We’ll pick up where we left off with the US market today. In the US, the country’s trade deficit widened for a second month in October, but less than what economists had expected in a Bloomberg poll.But how should we be reading into this piece of data, and how would that fit in the bigger picture along with the hotter than expected jobs report and service industry activity in November?What would this mean for the Federal Reserve and market participants then?Aside from the US, the European Central Bank and the Bank of England are also set to announce their rate decisions next week, but what…