The Federal Reserve kept its rates unchanged as it waits for information on how tariffs and other economic disruptions will affect the economy. The Fed still expects to cut rates twice this year, as growth slows and unemployment increases. In …
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January Sales Drop Despite Strong December
Shoppers spent less in January than they did during the busy holiday months but retail sales still had strong sales year over year according to the CNBC/NRF Retail Monitor. “Consumers pulled back in January, taking a breather after a stronger-than-expected …
Read More »National Retail Federation Provides Consumer Spending Forecast
$966.6 billion. That amount is how much the National Retail Federation (NRF) forecasts will be spent on gifts and decorations from November 1 to December 31, a 3-4% increase from 2022. NRF’s holiday forecast is based on economic modeling that …
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