Retail Sales Beat Expectations in March, Boosting Economic Outlook
- Retail sales increase 0.7% in March, beating expectations
- Core retail sales jump 1.1%; February sales revised up
- Results boost Q1 GDP growth estimates, support view that Fed may delay rate cuts
- Online retail sales accelerate; gasoline, building materials also see gains
- Resilient consumer spending confounds predictions of distress among lower-income households
