Holiday spending should be strong despite challenges -portfolio manager

Consumer spending, which powers more than two-thirds of U.S. economic activity, rose 0.8 percent in August, which points to a consumer that will be ready to spend during the holiday shopping season, said Coons.

But he did express worry about the lack of available products on the shelf, the evaporation of extra government jobless benefits, the millions of Americans out of work, and the return of student loan payments and how those things could impact consumer shopping through the end of the year.

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