WASHINGTON – Consumer spending provides reason for optimism about the economy, according to the National Retail Federation’s chief economist, who expects a soft landing from the period of high inflation that has prevailed for the past few years. “Today’s economy is a lot like looking into a kaleidoscope, with the view changing and the data
WASHINGTON – Retail sales slowed in March, but spending was still higher than during the same time last year, the National Retail Federation said Friday. “Retail sales moderated in March after posting strong gains in the first two months of the year,” NRF President and CEO Matthew Shay said. “Continued easing of inflation and the
WASHINGTON – Top challenges have shifted from COVID-19 to inflation and the war in Ukraine, but the U.S. economy will continue to face uncertainties in the year ahead, National Retail Federation Chief Economist Jack Kleinhenz said Friday. “While the public health situation has greatly improved, the impact of the pandemic continues to spread,” Kleinhenz said.