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Against the odds, Americans are still spending

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By Bryan Mena, CNN Washington (CNN) — Americans still opened their wallets last month, despite persistent fears about the economy, a slowing labor market and higher tariffs. Spending at US retailers rose 0.6% in August, the Commerce Department said Tuesday, unchanged from July’s upwardly revised 0.6%. Last month’s figure came in much better than economists’ expectations of a 0.2% increase, according to a poll by data firm FactSet. Retail sales a…

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Despite warning signs in the economy, Americans are still spending

Americans increased their spending at stores and restaurants in August, defying economists' expectations for a slowdown. The latest retail sales report from the U.S. Census Bureau shows spending was up 0.6% from July to August.The growth comes amid concerns over tariffs, inflation, and a slowdown in hiring. The national unemployment rate recently rose to 4.3%. But despite some economic indicators moving in the wrong direction, consumers are stil…

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