Download the April 2018 Snapshot
- Real consumer spending growth remained weak in February. Nondurable goods and services expenditures exhibited continued softness.
- Business equipment spending continued to increase robustly in 2017Q4, and exhibited brisk growth overall in 2017. Capital goods shipments data suggest that solid growth continued into 2018Q1. However, recent monthly data on new orders suggest some slowing in near-term momentum.
- Housing indicators generally point to continued gradual improvement in this sector. Tight housing supply and a strong labor market have the potential to provide continuing support to the housing sector.
- Payroll growth was moderate in March following a strong increase in February, in part reflecting weather conditions. The unemployment rate and the employment-to-population ratio were unchanged, while the labor force participation rate declined slightly in the month. The latest readings of various measures of labor compensation continued to indicate modest firming.
- Core PCE inflation continued to run below the FOMC’s longer-run objective, but near-term momentum has firmed.
- U.S. equity indices declined over the past month, and volatility remained elevated. The nominal 10-year Treasury yield was little changed over the past month. The broad trade-weighted dollar index fell slightly.
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
2018 Release Dates
Publication is normally on a Monday, with three Friday exceptions noted.
** Released at 11am.