The risk to investors is that the 'decline in inflation could be delayed': HSBC Wealth CIO

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Reuters

U.S. retail sales estimated to hit up to $4.56 trillion in 2021 -NRF

The trade group now expects annual U.S. retail sales of between $4.44 trillion and $4.56 trillion, from its previous estimates, issued in February, of between 6.5% and 8.2%, or more than $4.33 trillion. “We are seeing clear signs of a strong and resilient economy,” NRF Chief Economist Jack Kleinhenz said. The U.S. retail group also forecast GDP growth to approach 7% in 2021, higher than the 4.4% and 5% projected earlier this year.