National Retail Federation officials predict the economy should continue to ‘thrive’ despite current inflation issues
WASHINGTON DC – The economy’s rapid growth may slow somewhat as the Federal Reserve tries to tame inflation over the next few months, but consumers will likely continue to shop as lower inflation dampens the uncertainty, said Jack Kleinhenz, chief economist for the National Retail Federation. Monday, May 3.
“Fed tightening has kicked off a new round of adjustment, and the outlook for interest rates has implications for consumers and businesses,” Kleinhenz said. “The list of uncertainties is growing and the risks are increasing. But the underlying strength and momentum in the consumer and business sectors should offset a slight slowdown and should help the economy move forward this year. »