(MENAFN– ecpulse) Today is another calm day for the U.S economy throughout this quiet week with only a report to most probably reveal a slight change within the trade deficit of the country and its neighbor; Canada, within the month of June.
If truth be told the U.S trade balance for the month of June, which is as we know the difference in monetary value between exports and imports on goods and services in an economy over a certain period of time, could show a deficit of 44.8 billion from a prior deficit of 44.4 billion.
In fact goods exports most likely pulled back more than imports from May to June while that the surplus on services trade roughly unchanged; the total monthly trade deficit including of course goods and services is expected to widen.
As for the U.S neighbor and trading partner; Canada, it will most probably witness a slight but mediocre within its trade balance as its trade balance for the month of June could come around 0.00 billion actually from a prior deficit of 0.15 billion.
Otherwise worries remain spread and sensed amid uncertainty about the Russia-Ukraine tension and with growing concerns the improving U.S. economy will prompt the Federal Reserve to hike interest rates.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.