US Retail Sales Rebound in November as Inflation Cools, Boosting Consumer Spending Despite Some Labor Market Weakness
• US retail sales rebounded in November after declining in October, beating expectations
• Sales rose across most categories, especially at restaurants, specialty stores, and online
• Inflation is slowing again, boosting consumer sentiment and spending power
• Job market remains strong for now, but unclear if it will last through 2024
• Continued jobless claims have risen in recent months, suggesting some labor market weakness