ECONOMY Retail sales jump 3% in January, smashing expectations despite inflation increase

[Scott]

 

Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures.

 

Advance retail sales for the month increased 3%, compared with expectations for a rise of 1.9%, the Commerce Department reported Wednesday. Excluding autos, sales rose 2.3%, according to the report, which is not adjusted for inflation. 

 

https://www.cnbc.com/2023/02/15/retail-sales-january-2023-.html

 

[Tug]

I hope they don’t raise interest rates again I want to buy a new truck oh well if they do maybe the price of said truck will come down and I’ll just do a larger down payment.

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 I believe that all the American members of this forum will be gratified that not only is unemployment at a 53 year low, but that consumer demand looks to be strong.