Upbeat Holiday Spending Reflected Consumer Strength ... - Barron's

Excluding car sales, consumer holiday spending rose 3.8% year over year, according to Mastercard SpendingPulse, higher than its estimate for a 3.2% rise.

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Upbeat Holiday Spending Reflected Consumer Strength ... - Barron's

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Excluding car sales, consumer holiday spending rose 3.8% year over year, according to Mastercard SpendingPulse, higher than its estimate for a 3.2% rise.

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Cheaper Holiday Goods Will Give The Economy A Boost Into 2025

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The National Retail Federation expects holiday sales to grow between 2.5% and 3.5% over 2023. This environment is a “newer normal,” Meyer said.

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Holiday Shopping Surges, Flexing Strength Of US Economy

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Dec 26, 2024 · The shopping surge was most pronounced online, where spending grew 6.7% compared to the same period last year, the data showed. While the overall spending reflects …

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Costco Wholesale Corp. COST (U.S.: Nasdaq) - The Wall Street …

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Holiday spending rose 3.8%, with apparel and restaurants strong, Mastercard says. MarketWatch.com; 12/26/24; Barron's; Upbeat Holiday Spending Reflected Consumer …

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Retail Sales Beat Expectations. American Consumers Are A

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The Census Bureau said Friday that retail sales gained 0.4% in October from September, better than economists’ forecasts for a 0.3% increase.

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FAQs about Upbeat Holiday Spending Reflected Consumer Strength ... - Barron's Coupon?

How much did consumer holiday spending rise?

Excluding car sales, consumer holiday spending rose 3.8% year over year, according to Mastercard SpendingPulse, higher than its estimate for a 3.2% rise. ...

What are the economic effects of the holiday season?

“Unemployment remains relatively low, and consumer spending stayed healthy, including during the holiday season,” Dimon said in a statement. “Businesses are more optimistic about the economy, and they are encouraged by expectations for a more pro-growth agenda and improved collaboration between government and business.” ...

How much did consumer spending increase excluding car sales?

Consumer spending, excluding car sales, rose 3.8% year over year from Nov. 1 through Dec. 24, according to Mastercard SpendingPulse. The increase was slightly higher than Mastercard’s earlier prediction for a 3.2% rise in sales. ...

Why did interest rates increase during the holiday season?

The increase in holiday spending coincided with an initial bout of relief for borrowers, as the Federal Reserve cut interest rates by a total of one percentage point over the final few months of the year. However, interest rates still stand at a historically high level of between 4.25% and 4.5%. ...

How do economists Watch spending and shopper attitudes?

Economists watch spending and shopper attitudes closely. The U.S. consumer fuels about two-thirds of the economy. In the third quarter, personal consumption expenditures, a proxy for consumer activity, rose by 3.7% for the quarter, the best performance since the first quarter of 2023. ...

How do lower interest rates affect holiday spending?

Lower interest rates typically stimulate economic activity by making it easier for consumers and businesses to borrow, which in turn fuels investment and spending. However, interest rate cuts usually influence the economy after a lag of several months, meaning the recent lowering of rates likely had little impact on holiday spending. ...