Download the November 2019 Snapshot
- Consumer spending growth remained moderate in September. Growth of real expenditures on durable and nondurable goods was moderate, while real spending on services grew only slightly.
- Real business equipment spending declined in 2019Q3, and its growth year-to-date was well below its pace in 2018. New orders of nondefense capital goods excluding aircraft fell moderately in September. They remained below shipments, indicating continued weak near-term momentum.
- On balance, housing activity indicators displayed further gradual improvement in September.
Single-family housing starts and permits have been on an upward trend over the past four months. New and existing home sales declined in September, but remain solid. A still-strong labor market and low mortgage rates have provided some support to the housing sector.
- Payroll growth was moderate in October, but remained solid year-to-date. The unemployment rate edged up, the labor force participation rate rose, and the employment-to-population ratio remained at the highest level during this expansion. Various measures of labor compensation growth firmed slightly.
- Core PCE inflation softened and remained below the FOMC’s longer-run objective.
- U.S. equity indices rose broadly over the past month, while implied volatility declined and remains low. The nominal 10-year Treasury yield rose. The market-implied expected policy rate path flattened, largely because of a modest rise at longer horizons. The broad trade-weighted dollar index fell.
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
2020 Release Dates
2019 Release Dates
Nov 14 (Revised)
Publication is normally on a Monday, with three Friday exceptions noted.