US holiday shopping season to likely see slowdown amid inflation stress

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US holiday shopping season to likely see slowdown amid inflation stress
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Higher prices and inflation has caused many to cut back on spending for items that are not essential, which could affect this year's usual shopping rush.

The upcoming shopping season is expected to be slower this year than previous seasons as persistent inflation hits shopper budgets.

According to a report from Mastercard's Spending Pulse, this holiday season could see fewer long lines and empty shelves as shoppers continue to be wary of the economy and focus on saving.

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