Retail Sales Surge as U.S. Shoppers Drive Economic Growth

Consumer spending rose in September, bolstered by low unemployment and steady pay gains, despite ongoing inflation concerns.

Retail sales increased by 0.4% from August to September, marking the third consecutive month of growth.
Online retailers, restaurants, and grocery stores saw higher sales, while gas station sales declined due to lower fuel prices.
The Federal Reserve cut interest rates last month, with further reductions expected to ease borrowing costs.
Upper- and middle-income households are primarily driving the rise in consumer spending, while lower-income groups struggle with higher prices.
Retailers are launching holiday promotions earlier this year in anticipation of a moderate increase in holiday spending.