NRF slightly lowers 2017 retail sales forecast

With consumer spending directly responsible for roughly two-thirds of all United States economic activity, it stands to reason it is, and, really, always has been and will remain to be, a key economic indicator. So, when an influential organization like the Washington, D.C.-based National Retail Federation (NRF) rolls out changes in its forecast for 2017 retail sales, as it did yesterday, it requires some attention.