US Holiday Retail Sales Slow From Last Year, Mastercard Data Show
By Andrew Moran Price-conscious consumers were a bit more reserved in their holiday shopping this year as above-trend inflation and higher interest rates weighed on shoppers during the most wonderful time of the year, new data show. Retail sales rose by 3.1 percent between Nov. 1 and Dec. 24, down from last year’s 7.6 percent spike, according to Mastercard’s latest SpendingPulse report.
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