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Story summary
- New England Consulting Group analysts warn that rising gas prices and growing consumer debt could hinder U.S. retail sales growth.
- Despite a 6% year-on-year January surge in retail sales, high credit card delinquencies and inflation may limit spending.
- Tax refunds rose 10% year over year but fell short of expectations.
- Tom Sebok cautions that consumer resilience is weakening as discretionary-item demand dropped 3% in February.
