Key Advisors Wealth Management co-founder and CEO Eddie Ghabour discusses the state of the consumer ahead of the 2023 holiday shopping season on ‘Varney & Co.’
Americans picked up their spending in November ahead of the pivotal holiday season as inflation showed welcome signs of cooling.
Retail sales, a measure of how much consumers spent on a number of everyday goods including cars, food and gasoline, rose 0.3% in November, the Commerce Department said Thursday. That is above both the 0.1% refuse projected by Refinitiv economists and the revised 0.2% drop recorded in October.
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