Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy
NEW YORK (AP) -- Consumers picked up their spending in June from May despite surging prices in gas and food. U.S. retail sales rose 1% last month, from a
Retail spending jumped more than expected in June. But it's not keeping pace with rising prices. In many cases, people are spending more money but getting less in return.
The Commerce Department released new data on retail sales on Friday morning, revealing that U.S. households are still in a strong position despite the hottest inflation in decades.
