Defying inflation, Americans ramped up spending last month
Many Americans have taken a darker view of the economy as inflation has worsened. Yet so far, they appear no less willing to spend freely at retailers, an encouraging sign for the crucial holiday shopping season. Buoyed by solid hiring, healthy job gains and substantial savings stemming in part from government stimulus checks and other relief, Americans ramped up their spending at retail stores and online shops last month. Some […]