Tag: NRF

The National Retail Federation INRF)  balanced high inflation and rising interest rates against strong consumer fundamentals as it developed its 2022 holiday spending forecast, said Jack Kleinhenz, NRF Chief Economist. “There are many factors impacting our holiday forecast, but business conditions are generally positive as consumer fundamentals continue to support economic activity,” Kleinhenz said. “Despite record levels of inflation, rising... Read More

Consumers remain worried about high inflation and Federal Reserve interest rate hikes intended to bring inflation under control, but neither has stopped them from spending, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said today. “The economic situation in the United States is unsettling,” Kleinhenz said. “Consumer confidence is down, consumer spending’s rate of growth has slowed, and economists and consumers... Read More

Retail sales increased in June even as inflation climbed higher and drove up prices across the board, said the National Retail Federation  (NRF). “June retail sales data shows that consumers remain on solid footing despite rising prices and an active Fed raising interest rates to combat it,” said Matthew Shay, president and CEO, NRF. “Inflation has consumers modifying their spending... Read More

The economy’s fast-paced growth could slow somewhat as the Federal Reserve tries to bring inflation under control in the next few months, but consumers are likely to keep on shopping as lower inflation eases uncertainty, said Jack Kleinhenz, chief economist, National Retail Federation. “The Fed’s tightening has kicked off a new cycle of adjustment and the outlook for interest rates... Read More