US consumers keep spending despite high gas prices, but for how long?

US consumers continue spending despite rising inflation and high gas prices, which is currently powering economic growth, though economists question how long this resilience can last. New data shows inflation accelerated in September, with wholesale prices jumping 6.3% year-over-year, driven by a 20% monthly rise in gas costs that is increasing shipping and food prices. Retail sales still rose 0.8%, with spending up at restaurants and bars. Low unemployment and historically few layoffs support consumer spending, but inflation-adjusted paychecks declined in September, and the Fed may raise interest rates again this year, potentially increasing borrowing costs for mortgages and credit cards.