NRF: The economy is losing momentum —

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The National Retail Federation reports that while the economy is growing, it is also slowing down:

NRF  forecast in March that 2023 retail sales would increase between 4% and 6% over 2022. Since then, however, the Fed’s interest rate increases have slowed the economy and “there is a good chance that sales will end up in the lower range of the forecast, if not lower,” Kleinhenz said.

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