In the face of sluggish global growth and uncertainty over the presidential election, the retail industry's trade organization sees signs that the positive trends influencing consumer spending are outmuscling the negative.
As such, the National Retail
Federation on Tuesday raised its full-year sales forecast to 3.4 percent
growth, up slightly from its previous expectation for a 3.1 percent
lift. It cited improvements in the housing market, job growth and higher
wages as three factors that should boost consumer sentiment through the
end of the year.. . . more