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Many U.S. consumers say they’ve noticed higher than usual prices for holiday gifts in recent months.
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The economy expanded at a solid 3% annual rate in the April-June quarter, and retail spending picked up in July.
Called the FRESH AIR for Business Act, Senator Rosen partnered with Republican Senator Kevin Cramer from North Dakota on the act.
U.S. retail sales plummeted 8.7% in March, a record drop as the viral outbreak closed down thousands of stores and shoppers stayed home.
American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace.
The index measures consumers' assessment of current economic conditions and their expectations for the next six months. Both dropped this month.
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Black Friday is one of the busiest shopping days of the year, but thanks to shopping online and on Thanksgiving, shopping today isn't as busy as it once was.