“Overview of the July 2015 Snapshot
- Real consumption expenditures are showing signs of a pickup from the weakness during the first quarter.
- Business equipment spending continued to be sluggish compared to its pace in the second and third quarters of 2014
- There recent has been moderate improvement in housing market conditions
- June payroll growth was solid, and the unemployment rate fell. However, there were declines in the labor force participation rate and the employment-population ratio.
- Inflation remained well below the FOMC’s longer-term objective.
- Financial market participants have reacted to the Greek debt situation and the sharp fall in Chinese equity prices by pulling back on risk positions amid somewhat great volatility.”
Download the July 2015 Snapshot
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