Retailers eye holiday shopping season as consumers tighten belts amid uncertainty

By Scott Horsley,

A Martínez

Published November 28, 2025 at 3:49 AM CST

The holiday shopping season is here, but a lot of shoppers are more cautious about spending as the Trump administration pleads for patience on the economy.

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Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.

See stories by Scott Horsley

A Martínez

A Martínez is one of the hosts of Morning Edition and Up First. He came to NPR in 2021 and is based out of NPR West.

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