U.S. Retail Sales and Consumer Confidence

U.S. retail sales data for September is anticipated to show modest growth, reflecting a continued resilience in consumer spending amid stubborn inflation. Economists are projecting a slight increase in sales, supported by a solid labor market and higher wages, which help sustain consumer confidence. Although inflation remains elevated, influences like lower gas prices have increased disposable income, enabling consumers to maintain their purchasing behaviors. Significantly, a brief dock workers’ strike was resolved quickly, averting potential disruptions in supply chains that could have negatively impacted retail performance.