Strong retail sales in the face of stubborn inflation bodes well for two of our consumer stocks

This week's government economic data revealed pockets of durable consumer spending despite sticky inflation, signaling a favorable quarter ahead and further upside for two of our retail stocks. First the numbers The consumer price index, a measure of retail inflation, saw its biggest monthly increase this year — a seasonally adjusted 0.6% gain in August that matched estimates. Higher energy costs were mostly to blame, including a 10.6% rise in gasoline prices.

This week's government economic data revealed pockets of durable consumer spending despite sticky inflation, signaling a favorable quarter ahead and further upside for two of our retail stocks.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks Climb, Shrugging Off InflationInvestors scooped up stocks in a bet that strong U.S. consumers and a resilient labor market will keep the market humming.
Source: WSJ - 🏆 98. / 63 Read more »