"US Consumers Show Caution as Retail Sales Rise 0.6% in February"
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.
- 'Stretched' US consumers start to pull back on spending Financial Times
- US retail sales up 0.6% in February The Associated Press
- Americans are growing more cautious with their money Greater Baton Rouge Business Report
- The economy was just hit with a one-two punch of bad data Yahoo Finance
- U.S. Retail Sales Rose 0.6% in February - WSJ The Wall Street Journal
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