What’s the signal amid all this noise? Watch the ECB and Federal Reserve meetings for clues on rate direction as inflation and debt worries jostle for attention. In the US, eyes will be on the Supreme Court's response to the tariff ruling and whether a refund could reshape both corporate balance sheets and government debt math. For consumers, monitor if gift-buying cutbacks spread into broader spending—a bellwether for recession risks as 2025 rolls on. Bottom line: In a season of uncertainty, everything from holiday sales to central bank decisions is up for grabs.
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With holiday spending forecasts slashed, the tariff legal battle now on the Supreme Court’s doorstep, and rapidly softening labor