Holiday Season is Off to a Strong Start with a Rise in Sales | EWTN News Nightly

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New retail data shows the holiday season is off to a strong start with sales in November up .3% over the prior month, and at the same time, the DOW hit an all-time high just above 37,000 on Wednesday. Meanwhile, the Federal Reserve held its key interest rate steady for the third time in a row and indicated that a few rate cuts could be on the docket for 2024. Public Finance Economist with the Heritage Foundation, EJ Antoni, joins to share what he makes of this positive economic data and how indicative it is of the overall well-being of the American economy today. He discusses whether we can expect markets to continue with such strong momentum. Obviously, lending rates are very high at the moment, especially mortgage rates, but the Fed indicated those could start ticking down soon. Antoni tells us what his outlook is when it comes to these rates in 2024. Antoni explains whether retail sales exceeding expectations in November means that American families are feeling better about their own bottom line and less worried about a recession. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf

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• Victory Over Fear