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Shoppers Likely Boosted Spending Last Month, Taking on Higher Prices
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wsj.comAmerican consumers are expected to have spent more at the start of the holiday shopping season, brushing off concerns about higher prices at retailers and restaurants last month.
Economists estimate sales at U.S. retail stores, online sellers and restaurants rose by a seasonally adjusted 1.5% in October compared with the previous month as consumers continue their stepped-up spending despite continued Covid-19 fears and inflation concerns.
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