Retail Sales Rebound in February Despite High Inflation Concerns

• Retail sales rebounded in February, rising 0.6% from January amid higher gas prices • Sales rose across most categories, especially at home improvement stores, car dealers, and electronics/appliance stores • But some areas saw declines, like furniture, grocery, clothing, and online retail • Economists expect spending to continue with low unemployment, but higher interest rates and dwindling savings may dampen growth • Inflation remains high and a top concern, if it stalls it could mean rates stay elevated for longer