Some consumers may spend liberally this holiday shopping season, but it could turn out to be the last spending frenzy before a bona fide economic slowdown.
has held its grip on the U.S. economy is that American consumers continue to spend, seemingly undeterred by the price increases, which has in fact helped to fuel them. But how much longer will all that spending last?
But exactly when a recession will hit remains a matter of debate — and could still be a ways off, given a mix of indicators that paint the complex picture of the U.S. economy's health. That has given some consumers an opening to spend liberally this holiday shopping season. And it could turn out to be the last hurrah for Americans' spending frenzy before a bona fide economic slowdown unfolds in the coming year.There have been few signs of a letup in U.S. purchasing in recent months.
Some companies reporting record revenues in the most recent quarter include Apple, Airbnb, the Ohio entertainment venue Cedar Point, General Motors and Samsung.
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