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Several individuals and companies heavily exposed to FTX’s collapse have moved on from the storm that hit them amid one of the biggest failures in the history of cryptocurrency.
The numbers: The U.S. trade deficit in goods widened 1.5% to $91.8 billion in February, according to the Commerce Department’s advanced estimate released Friday. Economists polled by Econoday were looking for the deficit to widen slightly to a $90.6 billion deficit.
The possibility that U.S. inflation won’t trend much lower from here is raising concerns that Federal Reserve policymakers are mistakenly clinging to prospects for three interest-rate cuts this year and may lose their credibility, which could trigger cross-asset volatility.