Economics
U.S. Consumers Hang In There Despite Bigger Bite From Inflation
- Retail sales rose 0.5% in March after firmer February results
- Inflation will still take a toll on demand and growth
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It’s not all doom and gloom for the U.S. economy.
Thursday’s reports of retail sales and consumer sentiment offered a glimmer of optimism that Americans aren’t ready to pull back on spending en masse in the face of decades-high inflation.