ACTV - Consumers Binge Despite Higher Interest Rates And The Fed Watches Them Nervously
2024-04-16 09:35:00 ET
Summary
- Retail sales in March increased by 0.7% seasonally adjusted, with a year-over-year jump of 4.0%.
- Ecommerce, food services, miscellaneous retailers, and general merchandise retailers were the biggest drivers of growth.
- Some brick-and-mortar retailers, such as department stores and furniture stores, continue to experience year-over-year declines.
Retail sales by major segment: huge winners (on top: ecommerce and general merchandise retailers), and some big losers. ...
Consumers Binge Despite Higher Interest Rates, And The Fed Watches Them Nervously