Year-end holiday spending in the U.S. is coming in notably weaker this year than in the recent past, signaling that retail sales are set to end the year with a whimper, according to JPMorgan.

• Pace of purchases on credit cards slower than 2020 or 2019
• Latest variant could be depressing sentiment, economist says

https://www.bloomberg.com/news/articles/2021-12-17/jpmorgan-sees-weak-holiday-spending-warns-of-retail-slowdown