Here Comes The Hangover: February Retail Spending Hits A Brick Wall After January Splurge

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by Tyler Durden
Friday, Mar 03, 2023 - 05:35 PM

Three weeks ago - when looking at the latest card (credit and debit) spending data- we cautioned that the January retail sales report would "shock" by coming in red-hot, and would be the biggest jump in more than two years ...

... and that's precisely what happened, when retail sales printed exactly as we previewed, surging by 3.0% in January, the most since March 2021...