How much we are buying and what we are paying for it are cooling down.

From Marketplace, I'm Sabrie Beneshaw in for David Brancaccio.

We spent a little less in October. Retail sales out this morning fell a tenth of a percent.

Meanwhile, prices at the wholesale level also fell a half a percent in October.

Prices at the consumer level were flat.

Susan Schmidt is head of public equity at the state of Wisconsin Investment Board and joins us.

Susan, what picture is this all painting of our economy?

Well, what it means for investors is that

things seem to be moving in the right direction and I think the markets are

going to take this positively. We've seen that prices and the price increases

importantly are starting to slow. Remember that that prices and the price increases importantly are starting to slow.

Remember that that's what the Fed wants to happen and that's the desired impact

after all these interest rate increases.

And then at the same time we're seeing that consumers are still

spending not as much as they were but they're still active. The American consumer

drives the US economy so it's important that they stay active.

markets loved the news yesterday that consumer inflation was moderating significantly.

How do you think they'll take today's data?

Yesterday, today both indicates that the Fed is doing its job and it is having an impact on inflation.

And at the same time, they're starting to see a future where the Fed won't have to have

interest rates this high. It should be a positive day and week for investors if this

trend continues. Susan Schmidt, head of public equity at the State of Wisconsin

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