Verified macro, monetary-policy, currency, geopolitical and supply developments that may affect gold.
Both nonfarm payroll employment (-23,000) and the unemployment rate (4.1 percent) changed little in July. Employment declined in local government education and retail trade. Employment continued to trend up in health care.
Job openings and total separations were little changed at 7.4 million and 5.4 million, respectively, in June. Hires were unchanged at 5.3 million.
Personal income increased $54.9 billion (0.2 percent at a monthly rate) in June, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)-personal income less personal current taxes-increased $48.3 billion (0.2 percent), and personal consumption expenditures (PCE) increased $65.2 billion (0.3 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-increased $70.0 billion in June. Personal saving was $646.1 billion in June, and the personal saving rate-personal saving as a percenta…
Real gross domestic product (GDP) increased at an annual rate of 1.5 percent in the second quarter of 2026 (April, May, and June), according to the advance estimate released today by the U.S. Bureau of Economic Analysis (BEA). In the first quarter, real GDP increased 2.1 percent. The contributors to the increase in real GDP in the second quarter were increases in consumer spending, investment, and exports that were partly offset by a decrease in government spending. Imports, which are a subtraction in the calculation of GDP, increased. Full Text
Federal Reserve issues FOMC statement
The Producer Price Index for final demand fell 0.3 percent in June. Prices for final demand goods decreased 1.4 percent, and the index for final demand services moved up 0.2 percent. Prices for final demand increased 5.5 percent for the 12 months ended in June.
In June, the Consumer Price Index for All Urban Consumers fell 0.4 percent, seasonally adjusted, and rose 3.5 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy was unchanged in June (SA); up 2.6 percent over the year (NSA).
Federal Reserve announces the leadership and objectives of its task forces to advance the conduct of monetary policy
Both total nonfarm payroll employment (+57,000) and the unemployment rate (4.2 percent) changed little in June. Employment continued to trend up in professional and business services, social assistance, and health care. Leisure and hospitality lost jobs.
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 16-17 FOMC meeting
The Producer Price Index for final demand rose 1.1 percent in May. Prices for final demand goods increased 2.8 percent, and the index for final demand services moved up 0.3 percent. Prices for final demand advanced 6.5 percent for the 12 months ended in May.
In May, the Consumer Price Index for All Urban Consumers rose 0.5 percent, seasonally adjusted, and rose 4.2 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.2 percent in May (SA); up 2.9 percent over the year (NSA).
Total nonfarm payroll employment increased by 172,000 in May, and the unemployment rate was unchanged at 4.3 percent. Job gains occurred in leisure and hospitality, local government, and health care. Employment in financial activities declined.
The number of job openings increased to 7.6 million in April. Hires and total separations decreased to 5.1 million and 5.0 million, respectively.
Total nonfarm payroll employment edged up by 115,000 in April, and the unemployment rate was unchanged at 4.3 percent. Job gains occurred in health care, transportation and warehousing, and retail trade. Federal government employment continued to decline.
The value added of the outdoor recreation economy accounted for 2.4 percent ($696.7 billion) of current-dollar gross domestic product (GDP) for the nation in 2024. Across states and the District of Columbia, value added for outdoor recreation as a share of state GDP ranged from 6.1 percent in Hawaii to 1.0 percent in the District of Columbia. Full Text
Personal income increased $86.2 billion (0.3 percent at a monthly rate) in December, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-increased $75.7 billion (0.3 percent), and personal consumption expenditures (PCE) increased $91.0 billion (0.4 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-increased $90.2 billion in December. Personal saving was $830.8 billion in December, and the personal saving rate-personal saving as a pe…
Real personal consumption expenditures (PCE) by state increased in 48 states and the District of Columbia in 2024, with the percent change ranging from 5.3 percent in Massachusetts to -0.2 percent in Montana. Real PCE for the nation increased 2.9 percent in 2024. Real personal income increased in 46 states and the District of Columbia in 2024, with the percent change ranging from 5.5 percent in California to -2.2 percent in North Dakota. Real personal income for the nation increased 2.9 percent in 2024. Full Text
Real gross domestic product (GDP) increased in 2,273 counties, decreased in 809 counties, and was unchanged in 24 counties in 2024. County-level changes ranged from a 76.6 percent increase in Carter County, MT, to a 46.3 percent decline in Baca County, CO. Personal income, in current dollars, increased in 2,768 counties, decreased in 331, and was unchanged in 7 counties in 2024. County-level changes ranged from a 22.6 percent increase in Harding County, SD, to a 23.3 percent decline in Issaquena County, MS. Full Text
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of 2025. State-level changes ranged from a 6.5 percent increase in Kansas to a 0.4 percent increase in North Dakota. Personal income increased in all 50 states and the District of Columbia in the third quarter of 2025. State-level changes ranged from a 6.3 percent increase in Kansas to a 0.1 percent increase in Louisiana. Full Text