Resilient Shoppers Offer Holiday Hope to Retailers: Economy
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Americans look to be in the mood to shop this holiday season as their buying power gets a lift from more plentiful jobs and cheaper gasoline.
Consumers spent at the fastest pace in three months in October, snapping up everything from clothing and electronics to sporting goods and restaurant meals, a government report showed yesterday. Economists, surprised by the spending strength, said the momentum will carry into year-end.