Retail sales rose 0.6% in December, highlighting steady consumer-fueled growth Despite looming concerns of an impending economic downturn, recent retail sales data has defied predictions, showcasing a robust and resilient consumer-driven growth. Economists forecasting a potential recession in the current year point to various challenges, including diminishing savings, sluggish wage growth, a cooling job market, elevated federal funds rates, and persistent inflation exceeding the Federal Reserve's 2% target. Federal Reserve Governor Christopher Waller acknowledged these challenges, stating that factors such as high interest rates and a decline in excess savings could signal slower growth. However, the latest retail sales figures challenge these predictions. With consumer spending consti...