Posted on

Consumer spending expected to see boost in January, helped by stimulus checks



Share

A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, December 3, 2020.Lucy Nicholson | ReutersAided by government stimulus checks, consumers are expected to have boosted their spending in January, and the trend is likely to continue to gain momentum as more of the economy reopens.Economists expect retail sales rose by 1.2% after a surprise 0.7% decline in December, according to Dow Jones. The January retail sales report is to be released at 8:30 a.m. ET Wednesday, and it is also expected to show sales rose 1% when excluding vehicles.” …

Read More