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.

Retail sales—a measure of household spending that is the powerhouse of the nation’s economy —charged ahead in October with the biggest gain in eight months, according to Commerce Department data Wednesday. Meantime, more interest-rate–sensitive sectors, like housing and factory production, continued to show signs of weakness.

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