US retail sales beat expectations in March
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U.S. retail sales increased 0.7% in March, beating expectations, with a surge in online sales. The report follows strong employment gains in March and suggests the Federal Reserve may delay cutting interest rates. Despite higher inflation and borrowing costs, spending continues to hold up, particularly among lower-income households benefiting from the robust labor market. Retail sales excluding automobiles, gasoline, building materials, and food services increased 1.1% in March. Core retail sales, which closely correspond with consumer spending, likely remained sufficient to support the economy in the first quarter, with growth estimated as high as a 2.4% annualized rate.

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https://www.investing.com/news/economy/us-retail-sales-beat-expectations-in-march-3378346