Retail data suggests consumers undeterred by inflation, rates
04/15/2024 23:01
March retail sales data was hotter than expected, rising 0.7%. This constitutes the second consecutive monthly uptick in retail sales, with February's number swinging up to 0.9%. Spending increased notably on e-commerce purchases and at restaurants and bars. Brooke DiPalma joins Yahoo Finance to discuss the data, explaining that sticky inflation and higher interest rates do not appear to deter the consumer from shopping faster than expected. DiPalma also explores how the data could impact the Fed's decision to wait longer to cut interest rates. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This article was written by Gabriel Roy.
March retail sales data was hotter than expected, rising 0.7%. This constitutes the second consecutive monthly uptick in retail sales, with February's number swinging up to 0.9%. Spending increased notably on e-commerce purchases and at restaurants and bars.
Brooke DiPalma joins Yahoo Finance to discuss the data, explaining that sticky inflation and higher interest rates do not appear to deter the consumer from shopping faster than expected. DiPalma also explores how the data could impact the Fed's decision to wait longer to cut interest rates.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance.
This article was written by Gabriel Roy.