US: Wholesale inventory growth is projected to slow - TDS

Research Team at TDS, suggests that the US wholesale inventory growth is projected to slow following a rapid 0.6% m/m expansion in May.

Key Quotes

“TD looks for inventories to grow by 0.4% m/m in June, above the 0.2% m/m consensus.

NFIB Small Business Optimism is expected by the market to remain unchanged at 93.9 in June while TD looks for weaker sentiment to drive the index lower to 93.0.

Lastly, the Fed calendar remains in high gear with Tarullo and Bullard (both voters) scheduled to speak today.”