NRF’s Monthly Economic Review, said the economy “has been more resilient than expected” and shows “no sign of a recession.”
The economy has proven to be healthy even as it continues to slow, according to NRF’s Monthly Economic Review.
NRF expects record spending during the holiday season and forecast retail sales to increase between 3% and 4% over 2022.
National Retail Federation Chief Economist says “consumers remain in the driver’s seat, and are resilient.”
NRF Chief Economist says the consumer is still healthy, and households are forging ahead with plenty of buying power.
The U.S. economy is continuing to grow despite ‘one thing’ or ‘another,’ according to NRF.
Parents shopped for school supplies and other goods even as inflation continued and interest rates remained high, the National Retail | Read more…
Prime Day, back-to-school sales and rising wages drove consumers to shop more.
“Consumers are still spending but are under financial pressure and have been adjusting how much they buy while also shifting | Read more…
The conditions are ‘still moving in the right direction’ even with slower growth expected.
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