Calm Under The Chaos: Spending Steady And Wage Growth Moderating

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Our understanding of the economy is potentially at an inflection point. This week and next bring a slew of new numbers on inflation, consumer spending, job openings, and employment. It culminates next Friday with the release of the October jobs report. Where do we stand as of today, Friday, October 28? Recent data shows calm under the chaos. 

What do I mean by “chaos?” Inflation is stubbornly high, interest rates have been jacked up at the fastest pace in 40 years, the housing market is slowing significantly, and tech giants are seeing their stock prices plummet. A panel of

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