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Tuesday, November 10, 2026Nov 10

After holiday spree, doubts about economy linger

By ANNE D’INNOCENZIO and JANNA HERRON

AP Business Writers

NEW YORK – Holiday spending surged this year, but Americans still have their doubts about the economy.

With unemployment high and home prices falling in the nation’s largest cities, consumer confidence took an unexpected turn for the worse in December.

The decline followed two months of rising optimism. Economists say the economic recovery is likely to be less fitful next year.