Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Broadcom Shares Soar On 10-Gigawatt Chip Deal With OpenAI 

October 13, 2025

Zillow Rentals launches Listing Spotlight feature

October 13, 2025

Binance reserves just hit $42 billion, but Bitcoin may be flashing a warning!

October 13, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Monday, October 13
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Economic News»US consumers ‘resilient and strong’ in face of high prices and interest rates
Economic News

US consumers ‘resilient and strong’ in face of high prices and interest rates

January 18, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Stay up-to-date with complimentary updates

Sign up for the US economy myFT Digest to receive updates directly in your inbox.

US consumers continued their spending spree in early 2025 following a $1 trillion holiday shopping season, despite challenges from rising interest rates and persistent inflation.

Retail sales during the 2024 holiday season reached $994 billion, marking a 4% increase from the previous year, according to the National Retail Federation. This growth exceeded expectations and outpaced the previous year’s performance.

Major banks also reported higher earnings in the fourth quarter, driven in part by increased consumer activity.

Consumer spending on credit and debit cards issued by top banks like Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo totaled $924 billion in the final quarter of 2024, a 5% increase from the previous quarter.

Analysts noted that consumer spending remained strong at the beginning of the year, with robust growth in various sectors.

Target reported increased revenue from holiday sales of toys and cosmetics, leading to an upgrade in sales guidance for the fourth quarter.

Costco also experienced a significant year-on-year sales increase in December, particularly in non-food categories such as jewellery and toys.

While inflation rates showed a slight decrease in December, consumers continued to seek discounts on products, with retailers offering clearance sales after the holidays.

Despite some households facing financial strain, overall delinquency rates on credit cards remained low at major banks.

Investors were cautious about potential interest rate adjustments by the Federal Reserve, while the inauguration of a new president could impact tariffs and prices in the future.

However, consumer spending remained strong, with companies reporting robust performance and increased consumer engagement.

consumers face high Interest prices Rates resilient Strong
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Broadcom Shares Soar On 10-Gigawatt Chip Deal With OpenAI 

October 13, 2025

Interstellar Object Is Spraying Something Weird, Scientists Find

October 12, 2025

ANTIFA’s Mask Slips: Trump’s Roundtable Sends Shadow NGO Network Behind “Riot Inc.” Into Panic

October 12, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

10 Unique Things to Do in Orlando, FL

September 28, 20240 Views

Small Businesses in Limbo Amid Trump’s Tumultuous Trade War

May 24, 20251 Views

Iron Ore Soars As China Pledges Crackdown On Industrial Overcapacity

July 10, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Economic News

Broadcom Shares Soar On 10-Gigawatt Chip Deal With OpenAI 

October 13, 20250
Real Estate

Zillow Rentals launches Listing Spotlight feature

October 13, 20250
Crypto

Binance reserves just hit $42 billion, but Bitcoin may be flashing a warning!

October 13, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.