U.S. goods trade deficit widens; pending home sales slump
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WASHINGTON (Reuters) - The U.S. goods trade deficit increased sharply in December as imports rebounded, and businesses turned more cautious on accumulating inventory, prompting some economists to lower their economic growth estimates for the fourth quarter.There was also some discouraging news on the housing market on Wednesday, with contracts to purchase previously owned homes dropping by the most in more than 9-1/2 years in December. The housing market has been regaining momentum after..