#USRetailSalesMissForecast

US retail sales missed forecasts, growing only 0.2% in February, significantly below the expected 0.6% increase. This weak consumer spending strengthens the case for Fed rate cuts, pressuring the USD while supporting bonds. E-commerce continues to outperform traditional retail, with nonstore retailers posting 6.5% year-over-year growth.¹ ²

📌Key Highlights📌

✍️Retail Sales Growth✍️ 0.2% month-over-month, missing 0.6% forecast

Year-over-Year Growth 3.1%, indicating steady but unspectacular growth

E-commerce Performance Nonstore retailers grew 6.5% year-over-year

Would you like to know more about the impact of this data on the US economy or the potential effects on specific industries?