Holiday Spending Expected To Hit More Than $1Trillion For First Time:

Holiday shopping is expected to hit a historic milestone this year, with spending projected to top over $1-trillion for the first time ever, according to forecasts from the National Retail Federation. Even though consumers are feeling a bit cautious, they’re still planning to prioritize holiday gifts and celebrations, just with a little extra bargain-hunting. Retailers are gearing up by hiring seasonal workers, though fewer than last year, as they keep an eye on inflation and trade-related price pressures. The only wildcard? The federal government shutdown could dampen spending if it drags on, but overall the holiday spirit (and shopping carts) are looking strong.