Consumption in American retailers last month increased by the strongest monthly growth in more than two years, while Americans were in a hurry to prevent the vast increase in the customs of President Donald Trump.
In March, retail increased by 1.4% compared to the previous month, the US Department Wednesday, which is significant growth compared to a February increase of 0.2% and the highest monthly leap since January 2023. Years.
Data are adapted to seasonal oscillations, but not inflation, writes CNN.
Trump’s unpredictable trade war has disturbed Americans in recent months, encouraging fears from the growth of inflation in the coming year, according to various research on the consumer sentiment. The expectations of that growth are now clearly affecting the consumer behavior.
Economic analysts state that the consumer wave could take during April, but in the end will slow down. These short-lived purchases make it difficult for the Volstrit and the American Central Bank (Federal Reserves) to assess the actual power of consumption, which consists of about 70% of the US economy.
“In the short term we could have really strong consumption figures, but it just further makes it much harder to the Federal Reserves,” said James Knightley, the main international economist of ING, for CNN. “This means that the Fed will simply wait and observe what will happen,” he added, speaking about the upcoming decisions of the Central Bank on interest rates.
(Vijesti.ba)
