Consumer Spending Surges Amidst Confidence Drop

Shoppers fueled U.S. economic growth, despite plummeting consumer confidence, marking the lowest level since 2018. President-elect Trump celebrates robust spending, while Americans blame tariffs for economic woes. University of Michigan sentiment ends the year nearly 30% below late 2024 levels, with inflation cooling, hinting at potential stability if spending continues to defy gloomy predictions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.