US January business inventories 0.0% vs +0.2% expected

• Prior was +0.4% (revised to +0.3%)
• Retail inventories +0.3% vs +0.3% prior

On net, the economic data today should lead to lower US Q1 GDP estimates and we should see that in the Atlanta Fed GDPNow tracker set to be released today. The current reading is +2.5%.