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  • February retail sales likely were boosted by a rebound in auto sales and the impact of higher gas prices.
  • Sales likely also were boosted by bigger-than-usual tax refunds and unseasonably warm weather.
  • But the underlying trend in core sales is weak, and likely to step down further as the energy shock bites.

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Keywords for: 31 March 2026 US Monitor

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