Download the March 2018 Snapshot
- Real consumer spending growth declined slightly in January. Durable goods expenditures largely drove the decline.
- Business equipment spending continued to increase robustly in the last quarter, exhibiting brisk growth overall in 2017. The most recent monthly data 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 registered another strong increase in February. The unemployment rate was unchanged, while labor force participation rate and employment-to-population ratio both recorded notable improvements.
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 partially recovered from sharp declines in early February. Volatility dropped sharply. The nominal 10-year Treasury yield fluctuated within a narrow range over the past month. The broad trade-weighted dollar index also was little changed.
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.