"Surprise Surge: US Retail Sales Beat Expectations in March, Boosting GDP Outlook"

Retail sales in March surpassed expectations, increasing by 0.7% from the previous month, with nonstore retailers leading the gains. This marks the second consecutive monthly uptick, indicating that January's decline was an anomaly. The strong consumer spending comes amidst a solid economy and persistent inflation, leading economists to believe that the Federal Reserve can delay interest rate cuts without risking a recession.