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January Retail Sales to Show Whether Consumer Spending Picked Up
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A report on January U.S. retail sales will show consumers’ enthusiasm for spending at stores, restaurants and online at the start of the year as job growth surged and high inflation cooled slightly.
Inflation, rising borrowing costs and uncertainty about the economy caused households to pull back on spending late last year. But the unexpectedly strong jobs report in January and still solid wage gains bode well for more recent consumer spending, economists said. Some of them think economic growth could be picking up.
Read more on wsj.comAbout this in other media
Inflation Firmed, Consumer Spending Jumped in January wsj.com /1 year ago
Inflation Firmed, Consumer Spending Jumped in January wsj.com /1 year ago
Inflation Firmed, Consumer Spending Jumped in January wsj.com /1 year ago
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