Americans Not in the Mood for a Recession: Splurging on Goods

by Wolf Richter, Wolf Street: But inflation is eating everyone’s lunch. Retail sales in June jumped by 1.0% from May, and by 8.4% from a year ago, and by 32.5% from June 2019, to $681 billion, seasonally adjusted, the Census Bureau reported today. Retail sales are sales of goods. Sales of services, such as insurance, healthcare, airline […]