Download the November 2018 Snapshot
- Real consumer spending growth slowed slightly in September, but it confirmed the strong pace observed in 2018Q3.
The increase in spending for September was led by robust growth in durable goods expenditures.
- Business equipment spending rose modestly in 2018Q3, a further slowdown from the second quarter and well below the pace in 2017. New orders of capital goods (excluding aircraft) remained above shipments, suggesting somewhat more momentum over the near term.
- Housing activity indicators remained soft in September. While a strong labor market continues to have the potential to provide support to the housing sector, higher mortgage rates appear to have had some restraining effects on the market.
- Payroll growth was robust in October. The unemployment rate was unchanged while the labor force participation rate and the employment-to-population ratio both rose. The latest readings of various measures of labor compensation indicate a gradual 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 declined over the past month amid higher volatility. The nominal 10-year Treasury yield increased slightly, remaining near a multi-year high. The nominal Treasury yield curve remained flat. The broad trade-weighted dollar index rose. Oil prices fell, returning to levels observed in the spring of 2018.
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.