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WEKU
WEKU
Scott Horsley

Despite high inflation, Americans are spending like crazy – and it's kind of puzzling

Cameron Mitchell Inflation US Federal Reserve Economy Doug McMillon Ian Shepherdson Jonathan Silver United States
People walk along 5th Avenue in Manhattan, which is one of the nation's premier shopping streets, on Feb. 15, 2023. Consumer spending was unexpectedly strong last month. That's good for the economy – but not so good for inflation prospects. (Spencer Platt/Getty Images)

Something unexpected is going on in the U.S. economy.

Inflation remains high, yet many Americans went on a spending spree last month, eating out at restaurants and shopping for cars.

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