U.S. Wholesale Inventories Unexpectedly Rebound In February

Wholesale inventories unexpectedly rebounded in February, according to the Commerce Department. The rebound indicates firms may be rebuilding stock after earlier drawdowns, which could modestly support near-term GDP and temper disinflationary pressure from inventory depletion.

Analysis

Wholesale inventories unexpectedly rebounded in February, according to the Commerce Department. The rebound indicates firms may be rebuilding stock after earlier drawdowns, which could modestly support near-term GDP and temper disinflationary pressure from inventory depletion.