U.S. economy

NRF: Import cargo slows along with spending growth

Import cargo volume at the nation’s major container ports has already hit its expected peak for the year and should gradually slow headed into the holiday season, according to the Global Port Tracker report released... more »

NRF: US economy grows despite labor disputes, inflation

The U.S. economy is continuing to grow even as labor disputes across the country and uncertainty created by Congress add to the ongoing challenges of inflation and high interest rates, said Jack Kleinhenz, chief economist... more »

NRF: 2022 holiday sales grew 5.3% to $936.3B

Retail sales during 2022’s November-December holiday season grew 5.3% over 2021 to $936.3 billion, falling short of the National Retail Federation’s (NRF) forecast amid continuing inflation and high interest rates, NRF reported. While holiday growth... more »

GDP growth slows, but consumer spending remains positive

Gross domestic product isn’t likely to grow as much in the final months of 2022 as it did in the third quarter, but consumer spending should remain strong even though its rapid pace is continuing... more »

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