Author: 123jump.com Staff
123jump.com
Last Update: 4:51 PM ET August 09 2005
The Fed’s desire to raise rates on a measured pace was at display. The Fed raised the short-term rates for the tenth time and appears not to be finished with rates hike. Wholesale inventories in June were $353.1 billion, up 0.7% from May and up 10.2% from one year ago. Sales were $297.3 billion, up 0.6% from last month and up 7.8% from June 2004.
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