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Consumer spending resilient despite high prices

Economists warn it is unlikely to last: Many households have been pulling money from a shrinking pool of savings; others have been turning to credit cards. ....

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US consumers keep spending despite high prices and their own gloomy outlook. Can it last?

A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls. Spending by consumers rose by a brisk 0.4% in September the government said Friday — even after adjusting for inflation and even as Americans face ever-higher borrowing costs. Economists caution that such vigorous spending isn't likely to continue in the coming months. ....

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Consumers keep spending despite high prices, gloomy outlook

A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in ....

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