American consumers continued spending aggressively in September despite rising inflation, according to the latest retail sales report from the Census Bureau. Why it matters: Consumer spending remains remarkably resilient despite higher prices and borrowing costs. Retail sales increased 6.3% from ...
American consumers came roaring back in August, with retail sales rising much more than expected after declining the previous month. Why it matters: Retail sales jumped 1.2% in August, according to the Census Bureau, reversing July’s revised 0.5% decline and ...
U.S. retail sales unexpectedly fell in July, delivering another sign that consumers may finally be pulling back after remaining remarkably resilient throughout much of the year. Why it matters: Consumer spending accounts for roughly two-thirds of the U.S. economy, so ...