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As inflation continues to ease and the Federal Reserve ponders when to lower interest rates, NRF Chief Economist says the nation is in a “critical moment” of waiting to see what will happen next.

NRF welcomed a U.S. Supreme Court ruling allowing a lawsuit that says the Federal Reserve set its 2011 cap on debit card “swipe” fees too high to move forward despite arguments that the suit was filed too late.

NRF welcomed a federal judge’s order rejecting the proposed settlement of a class-action antitrust lawsuit over “swipe” fees charged to merchants to process Visa and Mastercard credit card transactions.

The Coalition for the American Dream, of which NRF is a leading member, is an organization of businesses, trade associations and other groups representing every major sector of the U.S. economy.

Data released by the U.S. Census Bureau shows retail sales grew again in May and helped drive a still-expanding economy, NRF Chief Economist Jack Kleinhenz said.

Monthly inbound cargo volume at the nation’s major container ports is expected to reach its highest level in nearly two years this summer, according to the Global Port Tracker report from NRF and Hackett Associates.

Retail sales jumped significantly in May, showing strong increases both month over month and year over year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by NRF.

NRF Chief Economist Jack Kleinhenz says shoppers are still willing to buy even as smaller job and wage gains and high interest rates are slowing the growth of consumer spending.

Father’s Day spending is expected to reach $22.4 billion this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This is the second highest figure in the survey’s history and on par with last year’s record of $22.9 billion.   

The National Retail Federation today announced the recipients of the 2024 NRF PROTECT Awards, the highest asset protection and cybersecurity recognitions in the retail industry. Five veteran loss prevention professionals will be honored on June 5 during the annual NRF PROTECT conference in Long Beach, Calif.