U.S. retailers are extending Black Friday discounts into weeks-long sales events to sustain consumer spending as economic growth shows signs of slowing. The National Retail Federation predicts winter holiday sales to approach $1 trillion, but growth is expected to be the slowest since 2018. Consumers remain cautious amid persistent high prices, even as inflation eases. Black Friday through Cyber Monday is crucial for retailers' annual revenue, with strong but cautious spending expected as households remain financially stable. Economists warn of potential inflation spikes and slower growth if Donald Trump reimposes tariffs.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. retailers are stretching Black Friday deals into weeks-long sales to keep shoppers spending
00:07as economic growth slows. The National Retail Federation forecasts holiday sales nearing
00:12$1 trillion but with the slowest growth since 2018. While inflation has eased,
00:18high prices are keeping consumers cautious. Black Friday through Cyber Monday remains
00:22critical for retailers with steady but careful spending expected as many households stay
00:28financially stable. Economists warn that if Donald Trump reinstates tariffs,
00:32inflation could spike and growth may slow further.
00:36For all things money, visit Benzinga.com slash GSTV.