Download the October 2021 Snapshot
- Consumer spending on durable goods fell, labor market data were mixed, and monthly core inflation rates eased from Q2’s rapid pace.
- Output in Q2 moved above its pre-pandemic level.
Growth was driven by consumption, with inventories, federal government spending, and net exports all drags on growth.
- Personal income increased modestly in August. Compensation rose while proprietors' income fell.
- Saving as a percent of personal income dipped, but remained well above pre-pandemic levels.
- Payroll employment growth slowed in September while the unemployment rate fell sharply.
- Core PCE inflation over the year stayed at 3.6% in August.
- The 10-year Treasury yield rose from 1.30% in mid-September to 1.55% in early October. The S&P 500 stock index moved modestly lower, but was still up 17% year-to-date on October 8. The market-implied federal funds rate path shifted up and steepened.
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
2021 Release Dates