Retail Inventories Jump Higher Than Expected, Dealing Another Blow To Fed Policy
More data suggesting the Fed’s super-sized cut was a mistake or a political move.
More data suggesting the Fed’s super-sized cut was a mistake or a political move.
In the latest sign that the U.S. economy picked up steam as winter turned to spring, inventories at U.S. businesses increased in April. Businesses inventories rose by a seasonally adjusted 0.2 percent in April after declining 0.2 percent in March,
Excluding autos, retail inventories actually fell in September as stores brace for inflation-inflected holiday shopping.
Wholesale inventories rose as businesses expect robust demand in the months ahead.
December’s big inventory jump was likely an unintended effect of sales unexpectedly falling.