economy

Retail sales to reach at least $5.23 trillion in 2024

The National Retail Federation (NRF) forecasts that 2024 retail sales will increase between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. The announcement was made during NRF’s fourth annual State of Retail &... more »

Retail sales grow again in February 2024

Retail sales continued to grow in February, building off solid gains from January, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation (NRF). Total retail sales, excluding automobiles... more »

NRF: Inflation and interest rates remain key

Inflation and the Federal Reserve’s efforts to bring it under control will continue to play a major role in the economy this year, said Jack Kleinhenz, chief economist at the National Retail Federation (NRF). “With... more »

NRF: Economy is growing but momentum slows

The economy is still growing, but not as fast as it was earlier this year, reported Jack Kleinhenz, chief economist for the National Retail Federation (NRF). “The U.S. economy continues to expand, but recent data... more »

NRF: Retail sales pick up in January 2023

Retail sales bounced back strongly in January as inflation eased and income grew, according to the National Retail Federation (NRF). “Despite inflationary headwinds, January retail sales show the resiliency of consumers in how they manage... more »