Consumers are still strong despite inflation, says TD Cowen's Chen
Youtube·2025-09-17 04:53
Now, let's turn to the consumer. August retail sales beat estimates for the third time in a row with July's number revised upward. Spending trends appear to be holding up despite growing concerns about the labor market and sticky inflation.So, where are we in the retail trade. Joining me now is Oliver Chen from TD Cowan. It's great to see you, Oliver.Been a while since I've seen you. So, tell me how how does this make sense. If the labor market is weakening, is it the better healed luxury consumer who's sti ...