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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
A customer shops at a store in Palm Beach, Florida.
A customer shops at a store in Palm Beach, Florida.Photographer: Saul Martinez/Bloomberg

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.