Grocery store shopping
Woman looking at prices during inflation while doing shopping in supermarket.
  • Retail sales in September were higher than expected even though inflation is still high.
  • This will slow down the Fed's goal of reaching 2% inflation.
  • But it's also a good sign because people have jobs and feel most economic pressures are manageable.

Interest rates are still elevated and inflation is higher than anybody would like, but there are signs that the goal of a soft landing for the economy is working.