As labor market momentum slows and households face continued price pressures, household wealth is an important source of support for consumer spending. Household net worth jumped by nearly $13 trillion between the first and second quarter of 2026, driven overwhelmingly by gains in stock prices. While rising asset values support household finances, the growing role of equities in household wealth also leaves consumers more exposed to a potential market downturn.
Industrial production increased 0.7% in September
Industrial production increased 0.7% in September, after edging up 0.1% in August. In September, manufacturing output increased 0.3%, and the index for mining and utilities rose 0.2% and 3.5% respectively. Manufacturing output excluding motor vehicles and parts edged...
