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U.S. Business Inventories Rise In Line With Estimates In May

Economic Data

U.S. business inventories rose in May in line with economist estimates, according to the Commerce Department. With no surprise versus expectations, the update is likely to have limited near-term impact on broader growth or rate expectations.

Analysis

U.S. business inventories rose in May in line with economist estimates, according to the Commerce Department. With no surprise versus expectations, the update is likely to have limited near-term impact on broader growth or rate expectations.

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