Retail sales gained 0.4% in December from November, slightly below projections for a 0.5% increase, according to FactSet.

U.S. retail sales increased in December as households bought motor vehicles and a range of other goods, pointing to strong demand in the economy and further reinforcing the Federal Reserve's cautious approach to cutting interest rates this year.

Retail and food services sales for December 2024 continued to grow, proving that despite an inflationary economy, Americans are still shopping.