Today's Economic Releases
From Goldman Sachs
Just one second-tier indicator on the docket, ahead of President Obama’s news conference on the economy later in the morning….
10:00: Wholesale inventories for July…continued increases? These inventories are goods that are essentially in transit from factories or from the docks to final destinations such as retail outlets and are therefore difficult to forecast. They have increased at an average of about 0.3% per month this year. Forecasts are centered on a slightly larger gain for July.
Median forecast (of 32): +0.4%, ranging from +0.1% to +0.8%; last +0.1%.