"US Consumers Show Caution as Retail Sales Rise 0.6% in February"

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Source: Financial Times
TL;DR Summary

US consumers are beginning to cut back on spending as inflation and supply chain issues continue to strain household budgets. The shift in consumer behavior is evident in reduced spending on items such as clothing and electronics, signaling potential challenges for retailers during the crucial holiday shopping season. Economists are closely monitoring these trends as they could have significant implications for the overall economic outlook and the financial well-being of households.

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