Consumer spending has been soft in recent months, prompting some analysts to forecast trouble for the economy later this year. Perhaps, but looking through the monthly noise continues to paint an upbeat profile for retail sales. The growth rate has decelerated lately, but the year-over-year comparisons remain upbeat.
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Conor Lamb, maverick Democrat, wins special election in Penn: NY Times
Senate OKs bill to roll back Dodd-Frank Wall Street reforms: The Hill
Trump picks Larry Kudlow as new White House economic adviser: CNBC
Kudlow supports strong dollar, tough stance on China: Bloomberg
US retail sales decline for third straight month in February: Bloomberg
US producer price inflation up slightly more than expected in Feb: Reuters
Business inventories up sharply in US for Jan as sales stumble: Reuters
Businesses’ inflation expectations for year ahead tick up to 2.1%: Atlanta Fed
10yr-2yr Treasury yield spread falls to 55 bp, approaching lowest level since 2008: