American Consumers Defy Inflation Fears as Retail Spending Powers a Stronger Economy
American consumers delivered another sign that the U.S. economy remains remarkably resilient, with retail spending surging in August despite persistent inflation, elevated interest rates and renewed pressure from higher energy prices. Retail and food-service sales increased 1.2% in August, the strongest monthly advance since March and significantly above economists’ expectations. Total sales reached approximately $773.9 […]
