#USConsumerConfidence Despite these challenges, U.S. consumers have demonstrated resilience. Retail sales during the 2024 holiday season reached $994 billion, a 4% increase from the previous year. This robust spending contributed to higher earnings for major U.S. banks in the fourth quarter. However, consumers remain cautious, focusing on essential purchases and being mindful of rising credit card delinquency rates and high interest rates.

Looking ahead, the outlook for consumer confidence is uncertain. The potential implementation of new tariffs under President Donald Trump's administration may further influence consumer sentiment and spending behaviors. Analysts will continue to monitor these developments closely to assess their impact on the broader economy.