-
Americans expected to break holiday spending record, despite inflation, economic uncertainty
Despite rising inflation and economic uncertainty, Americans are expected to spend a record amount this holiday season. The National Retail Federation's annual holiday forecast estimates Americans will spend more than $1 trillion in November and December. Mark Matthews, chief economist and executive director of research at the National Retail Federation, joins "The Daily Report" to discuss. CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting ...
- Comments / Top
- Subscribe
240z
Nov 9, 2025 1:34pm
Permalink
Trader#73B0
Nov 9, 2025 2:26pm
Permalink
-
Related Stories
Federal Reserve Bank of New York President John Williams cautioned that financial stress among lower- and middle-income households could erode the U.S. economys strength, even as affluent Americans continue to benefit from surging equity markets, according to an interview with the Financial Times. Williams said the Feds December interest rate decision ...
The 10-year Treasury yield closed on Friday at 4.11%, essentially where it had been for seven trading days, up by 12 basis points from October 28, the day before the Fed cut its policy rates, and up by 48 basis points since the first rate cut in this cycle in September 2024, when the 10-year yield was 3.63%. The 30-year Treasury yield rose to 4.70%. It was ...