US Trade Deficit Narrows 15%, Smallest Since Feb 2015 As Petroleum Imports Collapse
by Tyler Durden
ZeroHedge.com
11/04/2015
Against expectations of a $41bn deficit, September’s trade deficit was practically in line at -$40.8bn, dramatically narrower than the revised higher (less negative) August print of $48.02bn as petroleum imports plunge to lowest since May 2004. With the smallest deficit since Feb 2015, The Fed is going to need a bigger boat to have enough debt to monetize when the looming rate hike drags the economy to the point of requiring more intervention.
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