Price strain: US retail sales cool in September; businesses face higher input costs; consumer resilience tested
US retail sales grew slower than expected in September as consumers grappled with persistently higher prices and companies faced rising input costs, according to government data released on Tuesday.Retail sales rose 0.2% month-on-month, the Commerce Department said, easing from 0.6% in August and falling short of analyst estimates. The moderation in spending comes at a…