Robust US Retail Sales Underscore Economy's Resilience; Inflation Pressures Building The latest Commerce Department data reveals a mixed picture of the US economy. On the surface, August retail sales jumped 1.
2%, the largest increase since March, prompting economists to revise their GDP growth estimates upwards. This resilience is a testament to the enduring strength of the US consumer.
Despite rising inflation, households have continued spending, thanks in part to steady wage growth and recent stock market gains.