Americans are expected to spend record amounts during the holiday season despite concerns in the world's largest economy. Analysts predict a surge in consumer spending, which will boost economic growth. However, experts are worried about inflation and a possible interest rate hike by the Federal Reserve. Some consumers may cut back on their spending due to uncertainty. Nevertheless, retailers are preparing for a high demand by offering various discounts and promotions. Overall, the holiday season remains a crucial period for retail and the economy.
