19 February 2026
Blerina Uruci, Chief US Economist at T. Rowe Price, discusses mixed signals in January inflation data and the US trade deficit.
The US trade deficit widened in December, capping a turbulent year of erratic tariff policy.
The goods and services trade gap expanded from the prior month to $70.3 billion, Commerce Department data showed Thursday. The shortfall culminated in a full-year deficit of $901.5 billion, still one of the largest in data back to 1960.
