U.S. Treasury – Page 3 – One America News Network

Strong discretionary spending lifts US retail sales in September

Retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars.

Consumer spending increased slightly less than expected in August, suggesting some moderation in economic growth in the third quarter.

Consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.

U.S. retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by broad strength elsewhere.