Finance ❯ Consumer Spending

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Retail Sales Jump in August, Strengthening Case for More Fed Rate Hikes

The jump in core retail sales alongside a rebound in import prices raises near-term GDP forecasts, signaling a higher likelihood of further Federal Reserve rate hikes.

U.S. Retail Sales Jump 0.9% in May as Gasoline Lifts Headline Gains

Hassett’s Claim That Americans Are ‘Spending More on Everything’ Draws Widespread Criticism

Consumer Gloom Deepens Even as Retailers Log Record Holiday Traffic

Singles’ Day Nears 1.7 Trillion Yuan as Growth Cools in China’s Spending Squeeze