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Q1 2023 Brings Challenges with Inflation Control
Slower-but-continued growth in gross domestic product and other economic indicators during the first quarter of NRF's Monthly Economic Review showed inflation control challenges.
NRF Says Full Effect of Federal Reserve’s Monetary Tightening Is Not Yet Visible
With the Federal Reserve continuing to increase interest rates to fight inflation, the NRF doesn’t expect a recession but said the forecast assumes gross domestic product growth will slow from nearly 3 percent in the second half of 2022 to 1 percent in 2023.
Inflation: Return of the Dragon
In recent decades, many Americans forgot the economic disruption that inflation can bring. It has remained only a distant threat—until now.
Consumers Still Spending Despite Inflation and Interest Rates
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.
Facing Global Economic and Retail Headwinds
The world faces multiple challenges for the balance of 2022, into 2023, and it may even extend into 2024. Multiple negative forces are combining to slow the dramatic growth of the pre-pandemic decade.
August Retail Sales Supported by Job and Wage Gains
Consumers' willingness to spend overcame inflation again in August as more jobs and higher wages helped ease some of the pressure of continuing high prices.
NRF Says Economy Is Strong Enough to Keep Recession at Bay
Despite two consecutive quarters of decline, the US economy still does not appear to be in a recession and remains unlikely to enter one this year.
Consumer Spending Stays Steady Despite Inflation
Consumer spending held up during June’s inflation surge, with retail sales rising slightly more than expected for the month amid rising prices, according to the Commerce Department.
NRF Says the Economy is ‘Being Rebalanced’
April retail sales as calculated by NRF were up 0.9 percent seasonally adjusted from March and 6.4 percent year over year.
Retail Sales Grew in April as Consumers Took Higher Prices in Stride
Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year increases.
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