Business inventories in March came in at $2.54 trillion, down 0.1% from the month prior and up 0.6% from a year ago, the Commerce Department said today. Trade sales and manufacturers’ shipments were $1.86 trillion, down 0.1% from the month prior and up 2.1% from a year ago.
FDIC rescinds guidance on representment NSF fees
The FDIC rescinded a 2023 financial institution letter that had stated that banks’ charging representment nonsufficient funds fees may be a deceptive or unfair practice under section 5 of the Federal Trade Commission Act.










