Inside October Retail: Weak Headline, Strong Core | S2 E107 | 12-17-25
We unpack October retail sales: a flat headline hides a stronger 0.8% rise in core spending while restaurants and autos slip. We explain what a tepid consumer means for Q4 growth, markets, and the odds of early Fed rate cuts and tax relief next year.
• government data returns and date context
• headline retail sales flat at 0.0%
• gas, health and personal care, and building materials decline
• core control group rises 0.8%, strongest since June
• autos weaken after EV credit roll-off
• restaurants see biggest drop since February
• implications for GDP and consumer strength
• potential for early Fed rate cuts
• expected tax relief as a consumer lifeline
If you like this podcast, please subscribe, hit that alarm bell, share with friends, your family or colleagues, anybody who wants to know about what that economic data means and what it means for the markets
