US March retail sales may show consumers returned to shops

US March retail sales data will help to gauge whether a spring rebound is on the cards. Private consumption data in January-February disappointed, partly due to the poor weather, but also because of US consumers' reluctance to spend gas-pump savings (preferring to pay down debt). 

"We forecast paltry Q1 growth of 1.0% q/q SAAR, rebounding to 3.0% in Q2. We see March's core CPI inflation remaining tepid, supporting the Fed's prudent stance", Said Standard Chartered in a report on Friday