Monthly Economic Review: January 2023
Fed seeks balance between inflation and interest rates to avoid recession in New Year.
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Economy
NRF Economist Says Balance Between Inflation and Interest Rates is Key to Avoiding Recession
It’s too soon to say whether the Fed’s efforts to lower inflation will lead to a recession, but they increase the odds.
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Retailers are embracing alternative payment methods, though cards are still king
As consumers look for new ways to spend their money, merchants are making sure they can receive it.
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NRF Says GDP Growth is Slower But Consumer Spending Remains Positive
GDP isn’t likely to grow as much in the fourth quarter as the third, but consumer spending should remain strong.
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