NRF Says Growth Has Slowed But Indicators Disagree on Whether the Nation is in a Recession

U.S. economic growth has slowed, but it still isn’t clear if the nation is in a recession, National Retail Federation Chief Economist Jack Kleinhenz said today.

“As we come to the end of the summer, economic indicators are signaling an unsteady U.S. expansion in the face of several headwinds,” Kleinhenz said, noting ongoing inflation, Federal Reserve interest rate hikes, the volatile stock market and other issues. “These factors are all contributing to the debate on whether the economy is..."

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