Stock photo: Pedestrians carry shopping bags in the Georgetown neighborhood of Washington, D.C., on November 9, 2022. Pedestrians carry shopping bags in the Georgetown neighborhood of Washington, D.C., on November 9, 2022.

Consumer spending is proving largely resilient in the face of high inflation and steep interest-rate hikes from the Federal Reserve that are dealing a sizable blow to housing and squelching manufacturing.

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Molly Smith

Molly joined Law.com International as a reporter in July 2024 after a couple of years working in business development and following the completion of a degree in journalism at Goldsmiths, University of London. [email protected]