U.S. Consumer Spending Misses Estimates in September

The transcript discusses the resilience of the US consumer, noting a moderation in spending but maintaining a healthy outlook. Inflation has ticked down, with concerns about achieving the 2% target. The US is not heading towards japanification, but there are worries about inflation expectations. The GDP shows growth but at a slower pace. Personal savings rates are rising, indicating resilience but also highlighting income inequality. The wealthy hold more wealth, leaving the majority vulnerable in a recession.

What does the report indicate about consumer resilience?

How has the pace of consumer spending changed in Q3?

What are the implications of the inflation numbers mentioned in the report?

How does the report describe the relationship between personal savings rates and disposable income?

What concerns are raised regarding income inequality in the context of consumer behavior?