US Retail Sales Ex Gas/Autos MoM (Feb) M/M 0.4% (Prev. 0.3%)
The 0.4% month-over-month increase in US retail sales excluding gas and autos for February reflects a modest improvement from the previous 0.3% print.
US President Trump says new Iran President has asked for a ceasefire; US will consider when Hormuz is open
UK to host coalition talks on securing Strait of Hormuz, FT reports; Other countries including France, Netherlands and Gulf states have been involved in private discussions over what naval assets would be willing to provide to any potential coalition
US Retail Sales Ex Gas/Autos MoM (Feb) M/M 0.4% (Prev. 0.3%)
Petrobras (PBR) raises its jet fuel prices by approximately 55%
BoE Governor Bailey says he still thinks markets are getting ahead of themselves by pricing in rate hikes, according to a Reuters interview
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This uptick suggests underlying consumer strength, which may prompt considerations for a more hawkish stance in monetary policy as it indicates resilience in consumer spending amidst broader economic conditions.
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