Wells Fargo: Consumer Spending Defies Economic Headwinds as Online Sales Surge

Retail sales jump 0.6 percent in August, driven by e-commerce growth and resilient auto purchases despite inflation concerns American consumers continued their spending spree in August, delivering an increase in retail sales that exceeded economists' expectations and underscored the resilience of household demand even as economic storm clouds gather. The 0.6 percent August surge, which […]