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Daily Roundup of Key US Economic Data for May 29

BY MT Newswires | ECONOMIC | 02:23 PM EDT

02:23 PM EDT, 05/29/2026 (MT Newswires) -- Advance data for April showed the international trade deficit narrowed to $82.4 billion from $85.27 billion in March, reflecting a large increase in exports offset by a smaller increase in imports.

In the same report, wholesale inventories rose by 0.5% in April after a 1.5% gain in March, while retail inventories increased by 0.7% after a 0.7% gain. Excluding motor vehicle sales, retail inventories would be up 0.6%.

The Chicago PMI surged to 62.7 in May from 49.2 in April, the last regional manufacturing reading for the month. The ISM's national index is due to be released on June 1.

The Q2 GDPnow estimate from the St. Louis Fed is for a 1.047% gain, revised down from 1.320% gain in the previous estimate.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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