Despite strong job and income growth, rising tariffs and economic uncertainty have raised US recession fears, says NRF chief economist Jack Kleinhenz.
GDP contracted 0.3 per cent in Q1, but consumer spending and hiring remain resilient.
He warns that unpredictable trade policy is dampening business confidence and investment, potentially weakening the labour market and slowing economic momentum.
GDP contracted 0.3 per cent in Q1, but consumer spending and hiring remain resilient.
He warns that unpredictable trade policy is dampening business confidence and investment, potentially weakening the labour market and slowing economic momentum.
