The rise in American inventories is starting to become concerning, although much of it is just caused by price rises. There could be US$250 bln in excess stock in their supply chains, US$150 bln in wholesale channels, US$100 bln in retail channels. World-wide it is a very much larger problem and that is where the real risk lies. And the widely-watch Conference Board survey of consumer sentiment in June has turned negative too, near a ten year low. The easiest place to stay up with event risk today is by following our Economic Calendar here ».
Source: Stuff June 29, 2022 05:22 UTC