Corporate earnings reports, spending indicators, and inflationary tracking mechanisms have all stayed relatively hot as summer comes to an end. While spending has pivoted slightly from household upgrades and other hard goods to travel and out-of-home experiences as the Covid era is behind us, consumers are still in fact spending. It appears consumers have gotten used to the higher interest rates and the expectation these elevated rates may be in place for a while.
With the holiday spending season kicking off, retail sales are expected to continue to remain strong through the end of the year, with questions looming about how hot the market will stay after new year.
