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 – It’s too soon to say whether the Federal Reserve’s efforts to reduce inflation will lead to a recession, but continuing interest rate hikes increase the chances, National Retail Federation Chief Economist Jack Kleinhenz said Tuesday. “This year starts with the possibility of easing inflation but also uncertainty,” Kleinhenz said, referring to the interest
WASHINGTON — A favorable consumer outlook over the next few months might be enough to keep the U.S. economy from tipping into a recession in 2022, according to National Retail Federation (NRF) chief economist Jack Kleinhenz. “The economy is moving away from extremely strong growth toward moderate growth, but increased income from employment gains, rising
WASHINGTON – The U.S. economy’s rate of growth is slowing, but consumers remain financially healthy and the nation is unlikely to enter into a recession during the remainder of 2022, National Retail Federation chief economist Jack Kleinhenz said Thursday. “I am not betting on an official recession in the near term, but the most recent
WASHINGTON — The economic downturn brought on by the coronavirus pandemic has been officially declared a recession, and it’s too early to know the shape of the recovery, said Jack Kleinhenz, chief economist at the National Retail Federation (NRF). “Will this recession be briefer than earlier recessions? No one has a crystal ball. And just
CHICAGO — IRI’s special series — “Recession-Proof Your Business” — has released its latest installment that reviews examples of recessionary brand building and provides five key strategies to position brands for growth. The fifth installment, titled “Building Brands During Recessionary Times,” offers the following recommendations to companies: 1. Optimize and Curate Portfolio Evaluate brands by strength