Profit Recession Ends, Concerns for Consumer Spending, and Job and Retail Sales Data

Profit recession ends as retailers report declines in same-store sales, raising concerns about consumer spending. Muted inflation data raises hopes for improved consumer sentiment and affordable housing. Low-wage workers experience weakening leverage and slower wage growth, impacting consumer spending. September retail sales show mindful consumer spending due to concerns about inflation and student loan payments. Job and retail sales data indicate a belief in avoiding recession, but emphasize the lag between economic data and recession dating.