Consumers may worry about high inflation and interest rate hikes initiated by the United States Federal Reserve intended to bring inflation under control, but that hasn’t stopped them from spending, according to National Retail Federation Chief Economist Jack...
Consumers continued to spend in August despite inflation as more jobs and higher wages helped ease the pressures associated with rising prices, according to the National Retail Federation. The United States Census Bureau has announced that overall retail sales in...
Economic growth in the United States has slowed, but it still isn’t clear if the nation is in a recession, National Retail Federation chief economist Jack Kleinhenz asserted in a monthly NRF review. The emergence of conflicting data on whether the U.S. economy grew or...
Core retail sales, as calculated by the National Retail Federation, rose in July as consumers kept shopping, NRF reported. NRF’s calculation of retail sales is based on U.S. Census Bureau figures, but it excludes automobile dealers, gasoline stations and...
Despite two consecutive quarters of decline, the United States economy doesn’t appear to be in a recession and remains unlikely to enter one this year, NRF chief economist Jack Kleinhenz stated. He commented in the August issue of NRF’s Monthly Economic Review, which...
