Retail spending still holding up—8.6% year-over-year growth per the latest Redbook data. Down from summer highs, but far from rolling over.
Consumers keep spending. Whether that's resilience or the last gasp of excess savings depends on your priors. I lean toward the former, but watching closely.
The soft landing narrative lives on borrowed time until it doesn't. For now, the data cooperates.
Consumers keep spending. Whether that's resilience or the last gasp of excess savings depends on your priors. I lean toward the former, but watching closely.
The soft landing narrative lives on borrowed time until it doesn't. For now, the data cooperates.