U.S. June wholesale inventory (monthly rate) final figure fell short of expectations: 0.2% vs 0.3%

U.S. June wholesale inventory final figure came in at 0.2%, missing the 0.3% forecast. This suggests weaker restocking intent, potentially easing inflation and reducing expectations for aggressive Fed rate cuts.

The final reading for U.S. wholesale inventory growth rate in June came in at 0.2%, lower than the expected 0.3% and the previous value of 0.3%. This below-expected figure indicates a weakening willingness among companies to restock, which could help ease inflation pressures and thus reduce market expectations for an aggressive rate cut by the Federal Reserve.