Americans keep spending despite inflationary headwinds, with September's sales topping $704 billion, a 3.8% increase from a year ago.
“It’s great news, and it carries right into what we’re expecting to see for this holiday, which is just exciting news,” said
The trade group said it is forecasting moderate growth to continue this holiday season as consumers focus on value and household priorities. But EY-Parthenon Chief Economist Gregory Daco said the exuberance over what he called a “positive” retail sales picture should still be tempered.
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