U.S. wholesale sales (monthly rate) in June fell short of expectations: -3.0% vs 2.2%

U.S. June wholesale sales dropped 3.0% MoM, missing the 2.2% forecast and previous 3.4%, signaling weak retail demand.

The actual monthly rate of wholesale sales in the U.S. for June was -3.0%, lower than the expected 2.2% and the previous value of 3.4%. This significant deviation downward from expectations indicates weak demand in retail channels, which may reinforce market expectations that the Federal Reserve will maintain loose monetary policy to support the economy.