The trade gap grew 8.7% from a month earlier to a seasonally adjusted $44.5 billion, the widest in 10 months, the Commerce Department said Friday. Imports increased 1.9% while exports rose 0.3%.
The Deputy Governor also said none of the nine MPC members advocated the idea of negative rates, since there’s room to ease policy using the bank’s current tools. Broadbent said he agreed with Governor Mark Carney about the risks from negative rates.
The American economy roared ahead last month, as employers added 255,000 jobs, a bigger-than-expected gain that suggests the country’s growth rate may be more robust than thought just two months ago.
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