Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot.
U.S. consumers cut back on retail spending last month.
Americans are keeping a closer watch on their wallets.
Retail sales rose 0.7% in September, more than twice what economists had expected, the Commerce Department reported
One new report shows consumers don’t seem ready to slow their spending — despite high interest rates and economic concerns.
Consumers are reining in their spending amid recession fears.
Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates
The Census Bureau reported retail sales rose unexpectedly by .3% in August.
