Economic Update for December 11th - Inflation, Consumer Confidence and More
Spending for the Holidays (from the New York Times): The consumer is back — but for how long? Black Friday and Cyber Monday shopping bonanzas hold outsize political significance this year with the retailing events emerging as key recession and inflation indicators. So far, so good. Bargain hunters turned out in force for Black Friday sales, and Cyber Monday is forecast to be even bigger. But with consumers showing signs of pulling back on spending, will this splurge be enough to save retailers’ Christmas and keep the U.S.