Amazon Prime Day offers a glimpse into the U.S. consumer as shoppers navigate with pinched wallets

Retail spending rose 9.3% year over year, driven by high inflation and shoppers buying more discretionary, longer-lasting goods. The article suggests a mix of nominal spending strength and inflation-driven pressure rather than a clear improvement in real consumer demand.

Analysis

Retail spending rose 9.3% year over year, driven by high inflation and shoppers buying more discretionary, longer-lasting goods. The article suggests a mix of nominal spending strength and inflation-driven pressure rather than a clear improvement in real consumer demand.