Retail Sales Rebound in March, Easing Concerns of Economic Slowdown
- Retail sales topped expectations in March, increasing 0.7% from February
- February retail sales were revised up to 0.9% growth from 0.6%
- March sales growth suggests January's decline was an aberration, not a trend
- Sales growth supports Fed's stance that there's no rush to cut interest rates
- Economy remains strong despite inflation not easing as quickly as hoped