Download the August 2018 Snapshot
- Real consumer spending increased in June at a pace similar to that in May, as real spending rose robustly in Q2. The rise in spending for June was led by services and durable goods expenditures.
- Business equipment spending rose moderately in the first half of 2018, a slower pace than in 2017.
New orders of capital goods (excluding aircraft) remained slightly above shipments, suggesting some momentum over the near term.
- Housing activity indicators moderated somewhat in June. However, tight housing supply and a strong labor market have the potential to provide support to the housing sector, even with higher mortgage interest rates.
Payroll growth moderated in July, but was revised significantly upward for both May and June. Labor force participation was unchanged, the unemployment rate ticked down, and the employment-to-population ratio rose slightly.
The latest readings of various measures of labor compensation continued to point to modest firming of wage growth.
- Core PCE inflation continued to run at a level roughly consistent with the FOMC’s longer-run objective.
- U.S. equity indices rose moderately over the past month, and volatility fell further. The nominal 10-year Treasury yield fluctuated within a narrow range. The broad trade-weighted dollar index increased slightly. Non-energy commodity prices remained below their levels of the first half of the year.
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.