“The wide range of uncertainty has introduced a high level of unpredictability and has raised the probability of a significantly slower pace for the U.S. economy,” said Jack Kleinhenz, chief economist at the National Retail Federation.
Federal Reserve keeps rates steady, defies pressure from Trump
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“Just because people are saving more and looking for deals doesn’t mean they aren’t spending more,” Mr. Kleinhenz said in an email.
Retail survey: Middle-class households struggle to cover expenses as prices rise
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