Download the June 2022 Snapshot
- Core inflation remained elevated, the unemployment rate was unchanged, and the saving rate fell.
- Output declined in Q1. The drop was due to drags from inventory investment and net exports. Consumer purchases grew at a solid pace, with higher spending on services and no change in spending on goods. Business spending on equipment picked up.
- Real disposable income was unchanged in April. The level was below its trend growth path. Real consumer spending was near its trend path. The personal saving rate fell to a low level.
- Payroll employment continued to grow at a solid pace in May, the unemployment rate was unchanged, and the employment-to-population ratio rose slightly.
- Core PCE inflation over the year fell in April, while food inflation continued to rise. Core CPI inflation eased slightly in May.
- The 10-year Treasury yield rose and the S&P 500 stock index declined over the month, putting it significantly down since the start of the year. The market-implied federal funds rate path shifted up.
We post accompanying data for the charts, if permitted, with the intent to expand the series to the fullest extent possible.
Read more about the launch of the series: Just Released: U.S. Economy in a Snapshot
, Liberty Street Economics
, June 2015
2022 Release Dates