Retail Sales Rebound Signals Strong Consumer Spending and Economic Recovery

Retail sales report for September exceeded expectations, indicating strong consumer spending trend and return to normal economic growth.

Increase in retail sales consistent with rise in consumer savings balances and real wage growth over past months.

Real retail sales growth on annualized basis is positive sign after hitting low in March, reducing chance of recession.

Consumer spending growth rates have fallen in recent months from 2021 highs to more normal 4.5% range.

Real retail sales growth of just 0.1% in September not fueling inflation, supports case for soft landing of economy.