U.S. retail sales posted a 1.3 percent gain in April, their largest leap in more than a year. But, do the latest retail numbers mean that fear of a U.S. recession and/or a major stock market pullback is no longer in play?
“This is clear evidence that consumer spending is alive and well,” PNC Financial Services Chief Economist Stuart Hoffman said of the April retail numbers.
A healthy U.S. consumer tells a different story than U.S. bears, who ...
/www.benzinga.com/analyst-ratings/analyst-color/16/05/7987584/u-s-economy-will-april-showers-bring-may-flowers alt=U.S. Economy: Will April Showers Bring May Flowers?>Full story available on Benzinga.com
More...