What is the latest US economic data?
Asked 3 hours ago
Answer
US economic data shows August construction spending rose 0.2%, beating expectations, with July also revised up to 0.2%. Treasury yields remain steady. The recent government shutdown delayed key reports, increasing market uncertainty and volatility. The Federal Reserve faces challenges due to missing jobs and inflation data, affecting rate cut decisions. Some delayed employment and earnings data will be released by late November, but certain reports may never be published, leaving gaps in economic insight.
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August construction spending +0.2% vs. -0.2% estimated
- August construction spending rose by 0.2%, exceeding the estimated -0.2%. 8s
- July construction spending was revised up to a 0.2% increase from a 0.1% decrease. 22s
- The August and July readings are tied for the best this year, with similar strength last seen in August of the previous year. 29s
- Delayed government data is now being released following a shutdown, with more reports expected soon. 43s
- Ten-year Treasury yield stands at 4.13%, down two basis points; two-year yield is at 3.60%, virtually unchanged. 1m 3s
References
US Q4 GDP is expected to slow by about 1%, but recovery is anticipated in Q1 2026. The Fed lacks current jobs and inflation data, lowering the probability of a December rate cut to 50%. The last CPI reading was 3% headline.
Delayed government data and uncertainty over rate cuts are contributing to market volatility. The shutdown delayed key economic reports, with some data to be released by late November, but certain reports may never be published.