U.S. retail sales saw a strong, forecast-beating rebound in January after a sharp pullback in the prior month, though experts cautioned not to read too much into the numbers as seasonal adjustments to the data played an outsized role. American shoppers appeared to hit the shops in droves in January, with the Commerce Department saying in a Wednesday report (pdf) that retail sales surged 3.8 percent last month. At the same time, December’s retail sales figures were revised down to show sales falling 2.5 percent rather than the 1.9 percent drop the agency reported in its prior release. Consensus forecasts cited by FXStreet called for a more modest uptick of 2 percent for January retail sales. The White House took a victory lap on the apparent strength of the data, saying in a tweet that it’s “no accident” as President Joe Biden hasĀ “has taken concrete action to get Americans back …