A report released by the Commerce Department on Wednesday showed a modest increase in U.S. business inventories in the month of July.
The Commerce Department said business inventories inched up by 0.1 percent in July after slumping by 1.1 percent in June. The uptick in inventories matched economist estimates.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.