Retail Sales Surge Amid Tariff Concerns, Fed Chair Powell Warns of Consequences
U.S. retail sales rose 1.4% in March as consumers rushed to purchase big items before tariffs took effect, while Fed Chair warns of inflation and slow growth.

Summary
U.S. retail sales soared 1.4% in March, largely driven by consumers purchasing significant items like cars before President Trump's tariffs were implemented. While auto sales surged by 5.3%, analysts caution that this spending spike reflects consumer anxiety about rising prices due to tariffs. Fed Chair Jerome Powell has warned that the tariffs will likely lead to higher inflation and slowed economic growth, triggering a dip in stock markets following his remarks. As consumer confidence wanes amid economic uncertainty and new tariffs on imports, analysts predict a likely decrease in retail sales in the upcoming months.
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