The National Retail Federation (NRF) remains upbeat on the outlook for US consumer spending in 2019. The trade group forecasts that retail sales will rise between 3.8% to 4.4% this year, roughly in line with the annual pace of growth in recent history.
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Congressional legislators announce deal to avert gov’t shutdown: Politico
Will Trump accept less than he’s demanded for border wall? Bloomberg
Upbeat outlook on trade supports market sentiment: Reuters
China’s economic slowdown is modest but widespread: WSJ
Proxy voting records: big money managers favor short-term corp proposals: II
The evidence is weak in favor of factor timing for equity investing: ETF.com
The idea of a Federal wealth tax is topical, but is it constitutional? New York
Wall Street analysts have been cutting corporate earnings projections: NY Times