As the holiday season approaches, retail sales are projected to increase by 3.7%, according to a recent Mastercard SpendingPulse report. As inflation filters through the U.S. economy and prices, Mastercard Economics Institute U.S. Chief Economist Michelle Meyer believes inflation’s impact on consumer spending could be “less meaningful than it was last year.”
Meyer joins Yahoo Finance Live's Brad Smith and Seana Smith to discuss Americans’ propensity to spend on experiences, ahead of the holiday season, and how interest rates and energy prices could influence consumer spending behavior.to watch this full episode of Yahoo Finance Live.Our goal is to create a safe and engaging place for users to connect over interests and passions.
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