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13th May 2026 16:04USDaily Monitor
  • Core retail sales were very strong again in April; sales in February and March were revised up too.
  • But spending looks set to falter ahead, as the lift from tax refunds fades, and gas prices stay elevated.
  • We now look for a 1% expansion in consumers’ spending in Q2, but a mere 0.5% gain in Q3.

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Keywords for: 15 May 2026 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence