Read the full article on Yahoo Finance.
Excerpt:
Never bet against the American consumer. That's what so many pundits say, and the December Retail Sales report put out by the US Census Bureau last Wednesday underscored strength in spending to wrap up 2023.[1] Both the headline figure and the "control group," which backs out some volatile categories, came in well above economists' estimates.[2] Later that morning, the National Retail Federation (NRF) confirmed that shoppers were indeed out and about during Q4 total holiday spending growth verified at +3.8% compared to 2022,[3] though that was within the NRF's forecast range from early November.[4]
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