Retail Sales Surge Amidst Economic Uncertainty
Madison News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
US retail sales surged in February, defying expectations and indicating robust consumer spending. Despite job market uncertainties, shoppers boosted spending across various sectors, with department stores, personal care spots, and clothing shops leading the way. Even core spending, excluding volatile items, rose. However, consumer sentiment plummeted, and the US-Israeli conflict with Iran could further impact growth and inflation. The upcoming jobs report will provide more insights into the current economic landscape.
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