Depending on where you look, February’s retail results are a confusing mixed bag – up 0.2% on a seasonally-adjusted basis from January or down year-over-year unadjusted.

U.S. retail sales rebounded marginally in February as consumers pulled back on discretionary spending, reinforcing the growing uncertainty over the economy against the backdrop of tariffs and mass firings of federal government workers.

Spending at US retailers last month was much weaker than expected, in a troubling sign that the American shopper could be starting to tap out.