Is That Spring in the Air?
· Retail sales rebounded after two straight months of declines, providing much-needed optimism to a dreary winter of economic data.
· Several indications of a skills mismatch in the labor market have come up, with construction proving particularly problematic.
· The FOMC meets next week and is expected to reduce its monthly asset purchases by another $10 billion.
Weekly Economic and Financial Commentary, March 14
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