Download the May 2018 Snapshot
- Real consumer spending increased in March following declines in the previous two months. Both goods and services expenditures exhibited a rebound, led by durables.
- Business equipment spending rose moderately in 2018Q1 and has exhibited solid growth over the past four quarters.
However, recent monthly data on new orders and shipments of capital goods (excluding aircraft) suggest some lessening of near-term momentum.
- Housing indicators 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 solid in April after a rather moderate rise in March. The unemployment rate fell below 4%, while both the employment-to-population ratio and the labor force participation rate declined slightly in the month.
The latest readings of various measures of labor compensation continued to point to modest firming.
- Core PCE inflation rose to a level roughly consistent with the FOMC’s longer-run objective. This firming may be due in part to one-off factors.
- U.S. equity indices increased over the past month, and volatility declined. The nominal 10-year Treasury yield rose moderately. The broad trade-weighted dollar index increased. Crude oil prices rose to multi-year highs.
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.