Macrocast: Giving thanks for economic data

What if the slowdown in retail sales and inflation was actually a good sign? Join your hosts Ylan, Brendan, and John, as they discuss the latest on the Federal Reserve. They also chat about lowering inflation and retail sales data, examining how these numbers might be an indicator of the market's cooling phase. With holiday shopping on the horizon, they also weigh in on Walmart CFO's slightly dampened expectations for the season and the role a decrease in food prices is playing in consumer behavior.

As the conversation progresses, Ylan, Brendan, and John also cover the housing market, including the consumer adaptation to steep mortgage rates, and potential ceilings on home prices. The group also breaks down the Fed's stance on rate hikes and their preference for a hard landing over an inflation surge. The group also delves into China's current economic landscape, the country's stimulus attempts, and its relationship with the U.S., including a readout from the Asia-Pacific Economic Cooperation this week and the news about a potential return for the pandas.