U.S. retail sales rise solidly; fourth-quarter GDP estimates raised

[pyetro]

Lets go Brandon!

- U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer spending picked up early in the fourth quarter, which could help to support the economy.

The solid retail sales reported by the Commerce Department on Wednesday and signs of a slowdown in inflation raised cautious optimism the economy could avoid an anticipated recession next year or just experience a mild downturn.

U.S. retail sales rise solidly; fourth-quarter GDP estimates raised

U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer spending picked up early in the fourth quarter, which could help to support the economy.

www.reuters.com

 

[Harpy Eagle]

While Biden had nothing to do with it, this is going to piss off a lot of the folks on this forum.

 

[1srelluc]

While Biden had nothing to do with it, this is going to piss off a lot of the folks on this forum.

Yeah, daddy needs a new truck and I was looking forward to recession prices.

 

[hadit]

While that is in general good news, it will exacerbate inflation, which is already a problem. Expect continued high and increasing prices.

 

[Harpy Eagle]

Yeah, daddy needs a new truck and I was looking forward to recession prices.

na, you just want more votes for your beloved party, and do not care how many people are hurt to get them.

 

[1srelluc]

na, you just want more votes for your beloved party, and do not care how many people are hurt to get them.

As long as it's included in the sticker price.