TechBloomberg Tech1h ago
Consumers to Ramp up Holiday Spending This Year: KPMG
TL;DRHoliday spending expected to grow 5% this year, driven mostly by inflation rather than volume.
Why it matters: Consumer spending data signals economic resilience and inflation trends, affecting retail stocks and Fed policy outlook.
Julia Wilson, Principal of Consumer and Retail Strategy at KPMG US, discusses the firm’s holiday survey, which projects spending will increase 5% year over year. She says much of the rise reflects higher prices, though consumers are still willing to spend on priorities. She…
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