Americans picked up the pace on spending in March even as they continued to face high interest rates and steeper prices for everyday goods.Retail sales, a measure of how much consumers spent on a number of everyday goods including cars, food and gasoline, jumped 0.7% in March, the Commerce Department said Monday. That is much higher than the 0.3% increase forecast by LSEG economists.The March advance is not adjusted for inflation, meaning that consumers may be spending the same but getting less bang for their buck.This is a developing story. Please check back for updates.
Source: https://www.foxbusiness.com/economy/ret ... -back-life
Retail sales unexpectedly jump even as high inflation stirs back to life
