Robust Consumer Spending Could Be Bad News for Inflation

A woman carries shopping bags as customers visit the American Dream Mall during Black Friday in East Rutherford, N.J., on Nov. 25, 2022. Kena Betancur/Getty Images

News Analysis

American consumers are proving to be more resilient than many market experts had expected in the tough economic climate, and this strength in spending is fueling the reacceleration in inflation.