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The resilience of consumer spending in 2023, in the face of persistent inflation and heightened interest rates, has been a notable economic phenomenon. However, Jack Kleinhenz, the Chief Economist at the National Retail Federation (NRF), anticipates a downturn in this trend.

The resilience of consumer spending in 2023, in the face of persistent inflation and heightened interest rates, has been a notable economic phenomenon. However, Jack Kleinhenz, the Chief Economist at the National Retail Federation (NRF), anticipates a downturn in this trend.