US consumers keep spending despite high prices and their own gloomy outlook. Can it last?
By CHRISTOPHER RUGABER and ANNE DINNOCENZIO AP Business Writers | Tuesday, October 31, 2023, 12:05 a.m.
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File - Shoppers push carts into a Costco warehouse Friday, Aug. 4, 2023, in Thornton, Colo. A surge in U.S. consumer spending is fueling economic growth, reflecting a resilience among households that has confounded economists, Federal Reserve officials and even the sentiments that Americans themselves have expressed in surveys.(AP Photo/David Zalubowski, File)
People eat at Serendipity 3 restaurant on Oct. 8 in New York City. (AP Photo/Ted Shaffrey)