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The FRED Blog has discussed the very large share of employment and the very large share of consumer spending devoted to services. Today, we put this topic in a broader context by highlighting recent research from Ricardo Marto at the … Continue reading →

Paying for the place where you live—categorized as “shelter” in the consumer price index—amounts to 36% of the overall cost of goods and services purchased by an average urban household during a month. However, putting a roof over your head … Continue reading →

FRED recently added new data for the Visa Spending Momentum Index (SMI), which can offer new insights into US consumer spending behavior during the COVID-19 pandemic. The FRED graph above shows two SMI data series* available between January 2014 and … Continue reading →

Most data users know that economic time series are periodically corrected and revised, and the data in FRED are no exception. But it’s also true that looking at only the most up-to-date data can skew our perception of past economic … Continue reading →

There are two commonly reported ways of computing the annual growth in real GDP. First is the fourth quarter-over-fourth quarter (Q4/Q4) measure, which compares the amount of production of final goods and services in the December quarter with the amount … Continue reading →