On April 15, 2024, local time, the US Department of Commerce released data showing that US retail sales in March increased by 0.7% month on month, with an expected increase of 0.3%. The previous value was revised from a 0.6% increase to a 0.9% increase; Core retail sales increased by 1.1% month on month, with an expected increase of 0.4%. The previous value was revised from a 0.3% increase to a 0.6% increase. The retail sales growth in the United States in March exceeded expectations, reaching a new high since September last year. And last month's correction was relatively high, indicating strong consumer demand. The strong spending momentum of US consumers may further delay the Federal Reserve's interest rate cut. American economist Andrew Hunter said, "In addition to the recent recovery in employment growth, the continued elasticity of consumption is also another reason why people suspect that the Federal Reserve will wait longer to start cutting interest rates, and we now believe that rate cuts will not occur until September."