02:37 PM EST, 12/09/2024 (MT Newswires) -- October wholesale inventories rose by 0.2%, unrevised from the advance estimate as expected after a 0.2% decline in September.

At the same time, wholesale sales decreased by 0.1% after a 0.5% gain, though auto sales rose by 0.4%.

Combined with already released data for the retail and factory levels of distribution, business inventories are on track for a 0.1% gain while business sales are tracking as flat. Both will be released on Dec. 17, when updated retail inventory and sales estimates will be released.

The New York Fed's inflation expectations survey for November showed 0.1 percentage point upward adjustments to inflation expectations at the one-year, three-year and five-year horizons.

The Q4 GDPnow estimate from the Atlanta Fed is for a 3.3% gain, unrevised from the previous estimate reported on Dec. 5. The next update is scheduled for Dec. 17.