Tag: inflation
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.
NRF Reports that Economy Has Strong Momentum Despite Inflation and Ukraine
Top challenges have shifted from COVID-19 to inflation and the war in Ukraine, but the US economy will continue to face uncertainties in the year ahead.
February Retail Sales Rose Strongly Year-Over-Year
Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain.