U.S. consumer recovery is losing some momentum

Holiday sales were strong, but consumers have slowed spending due to expired federal stimulus programs and continued surges in COVID cases.
Bar chart showing the year-over-year percent change in holiday sales. See image description.
Bar chart showing the YoY percent change in holiday sales ranging from 4.7% in 2010, to 5.1% in 2014, 6.2% in 2017, 2.4% in 2018, and reaching a high of 8.5% in 2020.