Profit Recession Ends, Consumer Spending Concerns Remain

Profit recession ends, but concerns about consumer spending persist as retailers report declines in same-store sales. Muted inflation data raises hopes for improved consumer sentiment and affordable housing. US CPI October 2023 shows inflation broadly slowing, with core CPI increasing by 0.2% from September. Retail sales in September indicate mindful consumer spending due to concerns about inflation and student loan payments. Strong job and retail sales data may have led to a belief of recession avoidance, but the economy's health remains uncertain.