Consumer Spending Surges Amidst Confidence Drop
Update: 2025-12-24
Description
Shoppers fueled U.S. economic growth, despite plummeting consumer confidence, marking the lowest level since 2018. President-elect Trump celebrates robust spending, while Americans blame tariffs for economic woes. University of Michigan sentiment ends the year nearly 30% below late 2024 levels, with inflation cooling, hinting at potential stability if spending continues to defy gloomy predictions.
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