Retail sales, housing suggest consumers resilient
This week, the focus shifts to the consumer, with March retail sales and the National Association of Realtors’ pending home sales report. Both reports are likely to point to a modest pickup from February. For retail sales, part of the gain may reflect firmer prices and support from tax refunds. But the bigger question is whether real, inflation-adjusted spending is holding up. The consumer still looks resilient, though more selective and cautious than a year ago. On housing, there is less need to wait for the NAR report because Zillow already provides a timelier read on contract ...