Former Obama Economic Council Chairman Jason Furman discusses inflation hitting a 40-year high.
U.S. consumers continued to open their wallets in March, even as they confronted the hottest inflation in four decades.
Retail sales, a measure of how much consumers spent on a basket of goods ranging from cars to food and gasoline, rose 0.5% in March from the prior month, the Commerce Department said Thursday. Economists surveyed by Refinitv expected sales to rise 0.6%.
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