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How do consumers manage to keep spending?
Overall retail sales in May were up 0.9%, much more than economists expected. And it’s not just because things were more expensive.
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apnews.com
Retail sales up a strong 0.9% in May, underscoring the resilience of the US consumer
Shoppers stepped up their spending in May, surpassing economists’ expectations, as temperatures warmed and gasoline prices cooled.
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zerohedge.com
Despite Slumping Sentiment, US Retail Sales See Strongest Annual Rise Since Jan 2023
...and it's not because of gas prices.
