Download the September 2018 Snapshot
- Real consumer spending rose fairly solidly in July, although below the robust pace observed in the second quarter. The increase in spending for July was led by services and nondurable 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 above shipments, continuing to suggest some momentum over the near term.
- Housing activity indicators remained soft in July. 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 was robust in August, but was revised downward for both June and July. The unemployment rate was unchanged, and both the labor force participation rate and the employment-to-population ratio fell.
The latest readings of various measures of labor compensation point to increased 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 further over the past month, and volatility remained fairly low. The nominal 10-year Treasury yield remained in a narrow range. The broad trade-weighted dollar index increased modestly. Emerging markets asset prices remained under pressure.
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.