U.S. retail sales expected to top $3.9 trillion in 2020 despite 'wild cards' - NRF

(Reuters) - U.S. retail sales are expected to rise between 3.5% and 4.1% to more than $3.9 trillion in 2020 despite fears surrounding the coronavirus outbreak and an ongoing trade war, the National Retail Federation (NRF) said on Wednesday.The retail industry group cited steady wage growth, lower interest rates and strong consumer confidence to support its forecast. It also assumes that the coronavirus outbreak will not become a global pandemic.However, the NRF said it expects sales to take a..