Moody's chief economist warns U.S. economy teetering on edge of recession, citing risks from trade policy and slowing growth.

US credit card balances hit record high as Americans rack up nearly $500 billion in new debt

American credit card balances have surged to record highs, with nearly half a trillion dollars in new card debt accumulated.

US existing home sales rose 3.2% in May to 4.17M annual rate, topping consensus of 4.05M. Median price up 1.3% on year to $429,300; inventory at 4.5-month supply.

US existing home sales rose 3.2% in May to a seasonally adjusted annual rate of 4.17 million, above the consensus estimate of 4.05 million. Inventory of unsold homes stood at a 4.5-month supply, and the median existing home price increased 1.3% year-over-year to $429,300.

US trade deficit narrows to $55.9B in April, beating estimates as exports rise 2.6% and imports climb 2.0%.

The US trade deficit narrowed to $55.9 billion in April, beating estimates of $56.1 billion, as exports rose 2.6% and imports increased 2.0%.

U.S. trade deficit narrowed more than expected in April, signaling stronger external balance. The improvement reflects a sharper-than-forecast reduction in the goods and services gap.

The U.S. trade deficit narrowed more than expected in April, indicating stronger external balance.