Reported about 13 hours ago
Despite persistent inflation, U.S. consumer spending remains stable, though shoppers are exercising more caution, particularly regarding non-essential purchases. National Retail Federation economist Mark Mathews notes that while consumer sentiment has seen slight improvements, concerns about inflation and tariffs linger, especially as only a fraction of tariffs have yet to be passed on to buyers. Spending trends indicate a shift, with higher-income households increasingly driving retail sales as lower-income households face more challenges.
Source: YAHOO