Holiday sales are poised to set a new record in 2024 and could increase by as much as 3.5 percent from 2023, the National Retail Federation (NRF) announced Tuesday. The NRF forecasts holiday retail sales will total approximately $980 billion and $990 billion between Nov. 1 and Dec. 31, up from $955.6 billion during the same period in 2023. The anticipated uptick in consumer spending follows a moderation in inflation that plagued the economy in the wake of the pandemic, and last month’s much-anticipated interest rate cuts that have helped ease borrowing costs on consumers. The labor market has remained strong despite predictions of a recession — which never came to pass — amid the
Hence then, the article about national retail federation predicts record 2024 holiday sales was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( National Retail Federation predicts record 2024 holiday sales )