US trade deficit plunges to 16-year low due to U.S. gold rush and shrinking imports

The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the December 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short-term horizon and remained unchanged at the medium- and longer-term horizons. Job finding expectations declined to a series low—the second series low for the measure in six months—while job loss expectations also worsened. Spending and household income growth expectations remained largely unchanged. Delinquency expectations deteriorated to the highest level since the onset of the pandemic, but respondents were more optimistic about their future household financial situations. The survey was fielded from December 1 through December 31, 2025. The main findings from the December 2025 Survey are: NY Fed 1 Yr Inflation Expectations Actual 3.42% (Forecast -, Previous 3.2%) NY Fed: 3-year and 5-year inflation expectations unchanged at 3%.

Wholesale inventories in the United States grew 0.2% in October compared to September's revised figures, coming in at $913.5 billion, the US Census Bureau revealed in a report on ...