US wholesale inventories grew less than expected in May

US wholesale inventories in May saw a smaller increase than initially reported, potentially impacting second-quarter economic growth expectations. The revised data shows a 0.1% rise in wholesale inventories for May, down from the previous estimate of 0.3%. This follows a 0.7% increase in April. Economists anticipate inventory rebuilding may offset some of the trade deficit's drag on GDP, with the Atlanta Fed forecasting 1.4% second-quarter growth.