After reporting a spike in U.S. wholesale inventories in the previous month, the Commerce Department released a report on Tuesday showing a continued increase in wholesale inventories in the month of January.
The report showed wholesale inventories climbed by 0.8 percent in January after surging by an upwardly revised 2.6 percent in December.
Economists had expected wholesale inventories to advance by 0.8 percent compared to the 2.2 percent jump originally reported for the previous month.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.